Not exact matches
Once your
children are able to
support themselves, you might want to lower the
amount of your policy, which will subsequently
decrease your rates.
If there is a
child support agreement or order in place, the
amount may
decrease or increase under certain circumstances, such as an increase /
decrease in parents» income or the financial need
of the
child has changed.
The total
amount of coverage needed to pay for this
support will usually
decrease with time though, because the
child is older and closer to providing for themselves, and a parent often has saved more money towards a college education as the
child gets closer to this age.
Though the court could order your ex-spouse to pay more
of his income to
support his
children, the
amount paid for each
child would likely
decrease.
There is a new
child support worksheet that has dramatically
decreased the presumptive
amount of support for combined gross incomes
of over $ 150,000 for both custody and shared parenting.
For example, if a parent is paying
support for several
children, the
amount of that
support can be
decreased as each
child becomes too old to receive
child support.
«
Child support is tied in some ways to the amount of time that children are with each parent,» Townsend says, noting that there are situations where the mother, for example, «doesn't want to decrease the amount of time the children are with her because she's going to get less child support, or the father wants to increase his time with them because he just wants to pay less child support.&r
Child support is tied in some ways to the
amount of time that
children are with each parent,» Townsend says, noting that there are situations where the mother, for example, «doesn't want to
decrease the
amount of time the
children are with her because she's going to get less
child support, or the father wants to increase his time with them because he just wants to pay less child support.&r
child support, or the father wants to increase his time with them because he just wants to pay less
child support.&r
child support.»