Ensuring Financial Security For Your Children
Navigating child support can be an intricate and difficult process of divorce. Understanding child support is important so that you can ensure your child has all the resources they need. Here are some things you should understand about child support:
- How Child Support is Calculated. Child support can be calculated differently from jurisdiction to jurisdiction, but they genuinely consist of combining the income of both parents to determine payment amounts, custody arrangements, the number of children, and the needs of the child.
- Ensuring Financial Security. The goal of child support is to provide them with financial security. In order to do this it’s important that you budget wisely, openly communicate with your co-parent, and document all of your expenses on the child.
- Tips for Paying Parents. When you’re paying your co-parent, you’re going to want to make sure that you pay on time to avoid legal consequences. It’s also recommended that you use official channels to track payments in case there's a problem. You should also communicate with your co-parent if there’s any problems.
- Navigating Challenges. It can really be helpful to hire legal and financial help to navigate this process. They can help to advise you on your financial situation and the legal workings of child support.
Let me be your financial advocate as you navigate the divorce process. As a Certified Divorce Financial Analyst, CDFA® and parent myself, I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more. Don’t let divorce set you back.
You don't have to go through this alone.
Contact me today at 716-800-4290 to schedule your first appointment.