It goes without saying that you always want to give your child the best things in life, whether or not you have separated from your spouse. Indeed, it is the right of every child to get financial support from their parents until they reach the adult age. Therefore, when a court of law authorizes divorce between a couple that had children together, the subject of child support is discussed at length. According to the jurisdiction in question, either the father or the mother of the child can be called upon by the court to make periodic payments for the children’s’ maintenance. These payments are calculated using a child support calculator.
Child Support Calculator
A child support calculator is a software that can be used to calculate the amount of money a parent is required to pay towards the upkeep of a child after divorce or separation. These calculators are readily available online, and they are of great help. All you need to do is to confirm that the calculator has been programmed in the right manner before you start using it. Some of these calculators are free.
How Is Child Support Calculated?
Several factors are considered when calculating child support. The income of the parent in question is one of these factors. Only a fraction of this income goes to child support. The amount of child support also depends on the area that you live in, and of course, the number of children you are paying for. There are various child support guidelines stipulated by the Federal Divorce law. These guidelines specify how child support should be calculated in various situations, how the payments should be made and what should be done in case the payments are not made. Calculation of child support is supposed to be fair to all. The children should get the support that they deserve, and the obligors should be required to pay an amount that they can afford.
So, What Is The Importance Of A Child Support Calculator?
Child support calculators are evidently handy in divorce cases. They are used by lawyers in a court of law to calculate the amount of money required for child support after divorce. With the calculator, the obligor knows what to pay at what time, and the obligee knows what to expect. This makes budgeting easy. There are simplified child support calculators that offer the basic calculations. More advanced calculators provide more complex systems such as shared custody situations.
In summary, free child support calculators help a great deal in determining child support settlements in divorce cases. Please note that the calculator will only give you a guideline on the amounts to pay according to a standardized formula. The court always has the final word.