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.
Tennessee Agreement by Father to Provide for Financial Support of Children
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Multi-State
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US-01621BG
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Word;
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How to fill out Agreement By Father To Provide For Financial Support Of Children?
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FAQ
If both parents share custody does anyone pay child support? Yes, in Tennessee child support is based off the Tennessee Child Support Guidelines. If parents share 50-50/equal parenting time, child support is based upon each parent having one hundred eighty-two and one-half (182.5) days of parenting time.
Can Tennessee courts deviate from the guideline formula? # of ChildrenBase amountPercentage of income above $28,2502$2,8037.22%3$2,9547.77%4$3,2948.05%5 or more$3,6248.66%1 more row ?
If both parents share custody does anyone pay child support? Yes, in Tennessee child support is based off the Tennessee Child Support Guidelines. If parents share 50-50/equal parenting time, child support is based upon each parent having one hundred eighty-two and one-half (182.5) days of parenting time.
What Age Does Child Support End in Tennessee? For most parents paying child support in Tennessee, their obligation ends when the child turns 18. If the child is still enrolled in high school at the time, the obligation to make payments ends when they have graduated with their class.
Is there a statutory maximum for Child Support in Tennessee? $2,100 per month for one child. $3,200 per month for two children. $4,100 per month for three children. $4,600 per month for four children. $5,000 per month for five or more children.
The Guidelines are based on an Income Shares model that establishes the dollar amount of child support obligations based on the amount of parents' combined adjusted gross income and the number of children for whom the child support order is being established or modified.
Decreased Burdens For Low-Income Parents The new guidelines include an adjustment for low-income parents called the ?Self Support Reserve?. The adjustment is based on the federal poverty levels. There is also a new ?minimum order? of $100 per month. This serves as the floor.
When combined monthly parental income is greater than $28,250, the guideline says parents should pay the highest basic child support obligation (listed on page 71 of the Child Support Guidelines), plus a percentage of their income over $28,250: One child: 6.81 percent. Two children: 7.22 percent.