Like most states, New Jersey has a formula that helps determine how much child support you’ll receive if you and the child’s parent decide not to live together any longer. Our Bergen County child custody lawyers can explain this formula and use it to give you an estimate about the kind of payments you can expect to pay or receive. The two main factors in this formula are:
- How much parenting time each parent will have. The more time you have your children, the more money you should have in order to care for them.
- Each parent’s current income. This will be a total amount of income, including income from rental properties, royalties, tips, wages, workers’ compensation, etc.
Other factors will be taken into account, such as ongoing expenses like daycare and health insurance for the children. This calculation isn’t definite, though, and a judge may determine that you are responsible for a different amount of money based on your circumstances and the needs of your children. Hiring our Bergen County child custody lawyers will ensure you are paying and receiving a fair amount of money in order to support and care for your children.
The important thing is not to agree to a child support amount before you speak with our lawyers. We’ll help you make sure you are getting a fair deal on your child support. Agreeing prematurely to an amount may prohibit you from changing your child support agreement in the future. Before you settle, contact us over the phone or through our website and get a free confidential consultation today.