Child support conundrums: What happens when you both earn a lot?

| Aug 6, 2020 | Uncategorized

You love your children and want them to have the best after your divorce. You’ve always been there for them, and with your high-paying job, you’ve been able to give them everything they ever needed.

You’re happy to pay child support, but one thing you’ve found frustrating is how much you are being told to pay. You and your ex-spouse-to-be both make good money, and it seems like too much.

One thing you might want to consider is that you can work together and collaborate to come up with a child support payment amount that works for everyone involved. You don’t necessarily have to go with the state guidelines if you and your spouse are willing to work together and decide on an amount that is right for your situation.

For example, some divorcing couples may find that child support isn’t necessary if they both share custody 50% of the time. In those cases, they may agree that each parent pays for half of the children’s needs, and they may also need to share in covering medical expenses, schooling or extracurricular activity costs. You might be able to pay a specific, and minimal, amount of child support based on the state’s child support estimator, if you can’t decide how to move forward. 

On the other hand, you or your spouse may want to pay a specific amount of support, or one of you may want to receive support. This is something you can discuss so that you can come up with the right amount of support for the situation. 

Collaborative law gives you the opportunity to set up support in a way that works for you. If you’re both happy with the resolution you come up with, then it’s possible to submit it to the judge for approval.