When parents divorce in Massachusetts, often child support may be imposed to help pay for a child's living expenses. Child support payments can provide essential financial support for a couple's children. The amount of the payment will depend on a number of factors, including the income of both parents, as this blog reported in a previous post. The determination of parents' income has the potential to be a complicated process, as in addition to salaries, investment income, veterans' benefits and other varied sources of income must be considered.
Understanding alimony and the divorce process
The divorce process is designed to help families transition and move forward with a productive future. Financial situations oftentimes change or are altered following a divorce. Sometimes the change in circumstances may create the need for alimony which is also referred to as spousal support. Massachusetts currently does not provide specific, or set, guidelines for determining alimony. Understanding how alimony is determined is helpful for parties going through a divorce.
Tips for modifying child support
Many Massachusetts parents who have gone through divorce would probably be happy if things could be fairly settled and left alone. However, people's circumstances are always changing and there are parts of a divorce settlement that simply cannot remain static. Sometimes, with child support, it becomes difficult for a parent to continue making payments of the same amount. This can even become impossible, leaving the parent in dire financial straits. Thankfully, there are steps a parent in this situation can take.
How are the parents' income determined in child support?
There are many important considerations when it comes to child support. Not every marital arrangement makes these considerations clear cut. When it comes to child support, there are many complexities that can come into play. One common complexity that arises in many of these cases is the amount in which a parent should pay each month. This is not an easy determination.
Prenup paves the way for smooth divorce in Cuoco case
Many Massachusetts residents may argue that a prenuptial agreement, or a prenup, is not necessarily the most romantic gesture. However, few would argue that signing a prenuptial agree is not a prudent move. The divorce rate in America is sky high. Thousands and thousands of couples get divorced every year. Signing a prenuptial agreement can help ensure that should a divorce occur in the future, the couple has already paved the way for a smooth and relative pain-free proceeding.
