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Difference between revisions of "Child Support"
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Suggested wording to deal with child support in such situations in an agreement might be as follows: | Suggested wording to deal with child support in such situations in an agreement might be as follows: | ||
1.1 The present parenting arrangements made with respect to the children qualify as shared custody within the meaning of the Federal Child Support Guidelines (the “Guidelines”), in that it is anticipated by | 1.1 The present parenting arrangements made with respect to the children qualify as shared custody within the meaning of the Federal Child Support Guidelines (the “Guidelines”), in that it is anticipated by | ||
Parent 1 and Parent 2 that the children will live with each Parent not less than 40% of the time. | Parent 1 and Parent 2 that the children will live with each Parent not less than 40% of the time. | ||
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(b) Parent 2’s annual income for present calculation purposes is $YY,YYY; | (b) Parent 2’s annual income for present calculation purposes is $YY,YYY; | ||
(c) Such that Parent 1 will pay Parent 2 the sum of $XXX as base Guidelines child support for 2 children, and Parent 2 will pay Parent 1 the sum of $YYY as base Guidelines child support for 2 children. | (c) Such that Parent 1 will pay Parent 2 the sum of $XXX as base Guidelines child support for 2 children, and Parent 2 will pay Parent 1 the sum of $YYY as base Guidelines child support for 2 children. | ||
Some lawyers and accountants even suggest that actual cheques for the full amounts should be exchanged to show that each parent pays child support to the other. | Some lawyers and accountants even suggest that actual cheques for the full amounts should be exchanged to show that each parent pays child support to the other. | ||