This agreement does not state why it is necessary and is not necessarily being made in contemplation of divorce or separation. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Kentucky Agreement by Father to Provide for Financial Support of Children
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State:
Multi-State
Control #:
US-01621BG
Format:
Word;
Rich Text
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How to fill out Agreement By Father To Provide For Financial Support Of Children?
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FAQ
New Income Maximums The new changes to child support law increase the maximum combined monthly adjusted parental gross income utilized for calculating child support. Previously the chart stopped at $15,000 monthly, which is $180,000 per year. The new chart goes up to $30,000 monthly, or $360,000 per year.
The minimum amount of child support is $60 per month. The court can use its judicial discretion to determine child support obligations if the parents' gross income exceed the uppermost levels of the guideline table.
In Kentucky, the child support calculations are based on the income of both parties and take into consideration if the receiving part has sole or joint physical custody. A percentage of the parents' joint income is used in the child support formula.
It is possible that even though you share custody one parent may still have to pay child support. Child support is intended to make both households as equal as possible. So even if it is joint custody, if one parent makes significantly more income than the other, they may have to pay child support.
For Kentucky child support orders, the child support order ends when the child turns 18, unless he or she is still enrolled in high school, in which case child support would continue through the school year in which the child turns 19.
The minimum amount of child support is $60 per month. The court can use its judicial discretion to determine child support obligations if the parents' gross income exceed the uppermost levels of the guideline table.
The following monthly adjusted gross income amounts shall qualify an individual for the self-support reserve: 1. One thousand one hundred dollars ($1,100) with one (1) child; 2. One thousand three hundred dollars ($1,300) with two (2) children; 3. One thousand four hundred dollars ($1,400) with three (3) children; 4.
