If you and your spouse/partner have unemancipated children with each other, the issue of child support must be addressed when you are terminating the relationship.
In most cases, child support in New Jersey is determined by application of the Child Support Guidelines. The Guidelines were created, in part, to make child support obligations more predictable and consistent. They are based on an economic analysis of what similarly situated families spend to support their children. They establish a level of support based on the family income, and then allocate that support between the parties based upon each party’s share of that income.
The Guidelines consider the number and ages of the children, the parenting time arrangements, as well as other factors, including the cost of work-related child care, if any, and health insurance premiums attributable to the children. In many cases, the parties combined incomes exceed the levels covered by the Child Support Guidelines.
Our professionals have significant experience in helping high net worth clients navigate issues related to child support and related expenses when the child support guidelines do not apply in your case. Contact one of our attorneys today to learn more about how we can help you.