Welcome to another episode of the Divorce Collective podcast with your host, Dannielle Young from Collective Family Law Group. Today, we're breaking down child support - a key element of family law that ensures parents contribute financially to their children's upbringing. Governed by the Child Support Assessment Act of 1989, options for managing child support include assessments by the Department of Human Services or through private agreements.
Calculating Child Support:
Understanding how child support is calculated is crucial. The Child Support Agency’s formula considers parents' incomes, children's ages, and the caregiving arrangements, among other factors. Their online calculator is a useful tool for estimating payments.
Options for Child Support: