What Financial Factors Impact My Child Support?

What Financial Factors Impact My Child Support?

Many factors go into deciding who pays child support and how much will be paid. Being aware of some of the financial factors that go into this decision may give you an idea of what to expect. The judge will ultimately decide how much child support will be paid. However, talking with an Oklahoma family lawyer about your options might let you gain the outcome you desire.

Financial Factors that Decide Your Child Support

When it comes to child support financial factors, there are factors that will increase your chances of paying child support and factors that will decrease these chances. Your income if you are working or unemployment benefits will be considered. If you do not make enough money by any of these means, you might be opted out of paying child support.

Other financial benefits will be considered like disability benefits, any social security benefits, and worker’s compensation. Keep this in mind when going through the divorce process to be financially prepared. The only other finances that will be taken into account are gifts, royalties, and prizes or gambling winnings.

Financial factors that will not be considered include things like food stamps, child income, supplemental security income, and temporary assistance for needy families. Foster care payments will also not be counted. If you have any questions about what other financial factors might be considered, try contacting an Oklahoma City divorce lawyer and see where you stand.

Can I Modify My Child Support?

It is not too late to modify your child support payments if they have already gone into effect. Talk with a lawyer about the steps you need to take and what your chances are What Financial Factors Impact My Child Support?of modifying the court order. When it comes to child support modification, this only happens under certain circumstances.

You will be expected to prove that your financial situation has significantly changed since the child support first started. This might mean you lost your job, started receiving less pay, or suffered a major financial setback. A child support order may also be changed if the original order did not include medical support.

A change in circumstances can also mean your child aged out, child custody changes, medical insurance updates, or you acquired a disability. Major life changes might also count. Working with a lawyer can help you calculate new child support based on Oklahoma child support guidelines.

Your lawyer can then take this to the judge to have your child support orders modified. If this fails, your lawyer might be able to file an appeal.

Divorce Lawyer in Oklahoma City

Not being able to modify your child support when bills are high can be stressful. An Oklahoma divorce attorney might be able to help you obtain the child support orders you want. You can start by calling the Putnam Law Office by dialing (405)-849-9149 for a consultation today. We can help you collect the information needed to defend the goals you want for your divorce. Mr. Putnam is a dedicated lawyer in Oklahoma City, OK who can fight for your divorce case in court.

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