What is Imputed Income in Child Support Orders?
When parents are married, ensuring that their children are taken care of financially is fairly simple. When parents get divorced, however, things can become more complicated. In California, both parents bear an equal responsibility for taking care of any children they share. Child support often plays an important role in a child’s life after divorce. Child support is calculated, in part, on the income earned by both parents. Unfortunately, some…
Read MoreFuller House Actress Required to Pay Child Support
Actress Jodie Sweetin, best known for her role as Stephanie Tanner on Full House and Fuller House, was recently ordered to pay $2,800 a month in child support to her ex-husband. The order was handed down after Sweetin’s husband alleged that she brought in more than $700,000 in income each year. Sweetin filed an Income and Expense Declaration form with the court to dispute this allegation. Her records indicate that…
Read MoreWhat Will Happen to Child Support if I Remarry?
Child support in California is calculated using a complex formula that uses parental net income, taking into account tax status, and the residential time distribution between the two parents as the two main factors. California family law states that both parents have an equal responsibility to provide financially for their child. This duty does not change if either parent remarries. Barring the signing away of parental rights and the subsequent…
Read MoreDoes Child Support Cover Lessons and Activities for My Child?
Basic child support in California is meant to cover a wide range of expenses that come along with raising a child, from food and clothing to medical care and small living expenses. There is no set list of things child support can go towards because raising a child is simply not that cut and dry. It is a common misconception that basic child support can only go towards necessities, however…
Read MoreWhat Can I do if I Think My Child Support Amount is Too High?
There are a variety of reasons why a child support amount ordered may be unreasonable for the payor to pay each month. California child support is calculated off of a standard statewide formula that takes into account mainly parental income and the residential time distribution of the child between the two parents. Both of these significant factors can easily change after the date the order is put into effect. As…
Read MoreWill a Bonus be Considered Income?
Much of what needs to happen in a divorce involves dividing finances and property. Many financial aspects of your divorce will be determined based off of your income information. Spousal support, child support and property division will all rely, in full or in part, on income information to be resolved. For child support, California has a standardized, statewide formula that takes into consideration a wide range of income sources. Aside…
Read MoreWhat is Considered Income for Child Support Purposes?
California child support law views a parent’s financial responsibility to raise their child as non-negotiable. For this reason, child support is calculated based off a statewide, standard guideline calculator that seeks to determine child support in a way that reflects mainly two things; the income of the parents and their residential time with the child. The income of the parent is determined by taking the gross income and deducting certain…
Read MoreHow Will My Finances Change After a Divorce?
Everything changes after divorce, not least of which are your finances. Support orders, tax implications and a new living arrangement can mean you have to make a lot of changes in your spending habits. The biggest changes you can expect after divorce are either paying or receiving support and having a different asset profile. You will also have to set up a new household, which is especially important when minor…
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