How Child Support Works: Amount, Duration, and Special Expenses

Posted on May 01, 2016 in Children's Issues, Financial Issues, Legal Issues by The Divorce School 0 Comments

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Faculty Member: Diana Shepherd, CDFA®, Editorial Director and Co-Founder of Divorce Magazine

Facilitator: Tanoya Greaves, The Divorce School

Regardless of whether or not they were ever legally married, all parents have an obligation to support their children. This session offers a general overview of how child support is supposed to work – including the factors influencing amount and duration of child support payable or receivable, “special expenses” that go above and beyond what the child support guideline amounts will cover, and the tax issues of child support. More

Diana Shepherd is the Editorial Director and co-founder of Divorce Magazine and www.DivorceMagazine.com. She is a Certified Divorce Financial Analyst®, an award-winning editor, published author, and a nationally recognized expert on divorce, finance, remarriage, and stepfamily issues. Diana has written and edited hundreds of articles about divorce-related issues since 1996, and she is a frequent lecturer on the topics of divorce and finance – both to local groups and national organizations.

What you will learn from this video on “How Child Support Works”

This session will:

outline how child support generally works
explain how child support payments are calculated and how long a co-parent must pay it
discuss whether parents can choose to opt-out of the child support guidelines and set up their own agreement
explore the issue of “special expenses” that go above and beyond what the child support guideline amounts will cover.
suggest what options co-parents have if they don’t agree which”special expenses” are both reasonable and necessary for their children.