In every divorce involving children, probably, child support will also be included. Many parents are worried about how they will continue to support themselves and their children after a divorce, particularly since they will essentially run a single income household.
If your family is involved in a legal battle involving children, educating yourself and understanding what your rights are is essential.
WHAT IS CHILD SUPPORT AND WHO PAYS FOR IT?
Child support is the amount of compensation a court orders a parent or both parents to pay each month to help pay for the living expenses of their children. Child support is the responsibility of both parents. Each child needs help both financially and emotionally. Each child has the right of both parents to support him. It is important to know that both parents may have to support their children financially.
In Wisconsin, a court may order payment of required or appropriate child support to one or both parents. Even if the reasonableness of an amount can differ from family to family, by using a set of percentage standards standards you can determine how much a payment will be, but the final amount will have to be accepted by a court. Child support formulas vary between primary placement percentages, shared placements formulas, and special guidelines for split placements and high income payors.
WHAT IS CONSIDERED AS INCOME IN CHILD SUPPORT IN Wisconsin?
Child support in Wisconsin is dependent upon the paying parent’s income. Income can be real money gained, or from real estate or services. It can come from a wide variety of sources, such as wages, bonuses, commissions or interest on assets.
It also contains workers ‘ compensation coverage, unemployment insurance, disability, and social security payments. All of these variables help to identify the financial solvency of a person, ensuring the payments are equal for both parent and child.
CHANGES IN CHILD SUPPORT LAW IN WISCONSIN
As of July 2018, child support laws in the state of Wisconsin have been modified. The criteria for assessing child support had changed, including revising the variable costs where parents share or put their children on an equal basis. Previously, variable costs were described as the reasonable costs above the basic support costs incurred by or on behalf of the child, including but are not restricted to, the cost of childcare, education, special needs of a child and other activities involving significant costs.
According to the changes in the law, it now requires that variable expenses be paid by the parents and are calculated based on a list of variable costs as decided by the parties or by a court order, based on the lists of items suggested by the parties and furnished to the court which includes also transport expenses.
MODIFICATIONS IN CHILD SUPPORT
Child Support orders are always modifiable if there is a substantial change in circumstances. That said, very three years a parent may have a child support order checked regardless of change. The child support agency may or may not issue notices to parents reminding them that they have the right to request a review The parents may agree to modify the support order but that agreement must be accepted by the court. Either side has the right to counsel at any review.
For more information about child support, speak to an expert local family law attorney for advice. Please reach out to us at (920)-921-2300, through our live chat feature, or with our contact us form below.