Child support in New York is based on the combined income of both parents and how many children a parent is responsible for supporting
Child support in New York is based on the combined income of both parents and how many children a parent is responsible for supporting. The amount a parent is required to pay to support a child is 17% of the combined income of the parents for one child, 25% for two children and 29% for three children. If the income is very high, the court can set a lower percentage. What about the Child¿s Education?
If necessary the court can set aside a portion of the parent¿s joint or separate assets in a separate trust or fund for the support and education of the child. Can the Child Support Order be Modified?
Yes, it can be modified if there has been a change in financial circumstances, such changes are: - A big increase or decrease in either of the parent¿s income
- The child is spending a lot more time with either parent
- The child is several years older than when the original child support order was given
- Circumstances have changed and the child now has special financial needs, such as medical expenses or schooling
Do I Need a Lawyer?
If you are seeking to establish child support, it may be wise to speak with an experienced family lawyer. Consulting with a family lawyer can help you understand your options and help you deal with the complicated legal system. |
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