What it is
Child support is a monthly payment calculated using your state's formula. It ensures both parents contribute financially to raising their children after divorce, based on income and custody time.
When you need this
- You have minor children and are divorcing or separating
- You need to calculate what support amount the court would likely order
- You want to include child support terms in your agreement
What you'll need to answer
- Both parents' gross monthly income (before taxes)
- Childcare costs (daycare, after-school programs)
- Health insurance costs for the children
- Any extraordinary expenses (medical, educational)