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Negotiating Child Support
Because of a federal law, each state has developed child support
"guidelines."
The guidelines generally set a minimum child support amount that a
court will award. However, you may feel free in negotiating child
support to negotiate a higher or lower amount.
Here are some guidelines for negotiating child support amounts you
both can live with:
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Focus on the Children. Raymond is focusing on the child support as
being for his children, not for Emily. As upset as Raymond is, he does
not want to deprive his children.
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Be comprehensive. Using the financial tools in this program,
for example, Raymond tries to take into account all the incomes and all the
expenses of both parties.
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Allow for change. Raymond and Emily try to allow for changes over time. You
might want to build in a cost of living increase. You might also
want to provide for re-negotiation or modification in the event
either party remarries. And you might want to allow support to be
increased when the children go to college, to help pay their tuition.
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Be realistic. Most likely both of your standards of living will
fall. Also, joint custody is usually more expensive than single-parent
custody. This is because there is more duplication of clothes and
other household items, and more travel.
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Disclaimer: We are not giving legal advice. No warranties. We disclaim all legal liability. More...
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