Determining Child Support Payments

Child Support

Child SupportTo effectively establish stable and consistent child support arrangements, the government mandates that states must use specific guidelines. While the specific guidelines differ from one state to another, below are the general factors considered when determining child support awards.

Income of Both Parents

The majority of state guidelines factor in both parents’ income. The amount of the parents’ combined income aids in determining the specific sum they may be mandated to deliver as child support. There are some states that factor in net income, while some states factor in gross income.

Deductions

The court allows deductions for parents providing child support from a previous marriage. To qualify for deductions, the court should have ordered the parent to pay child support, and the parent must consistently be paying for it. However, a parent can’t make income deductions for supporting subsequent children or spouses.

Childcare Costs

Most states take into account the average amount a parent should spend on childcare costs. There are some states that will modify the allowable amount of these costs to factor in the federal Child Dependent Care Tax Credit.

Healthcare Costs

Provo child support attorneys from Buhler Thomas Law, P.C. say child support arrangements also state who must pay for a child’s health care insurance. The specific amount is added to the base child support arrangement and is credited to the parent paying for it.

Miscellaneous Expenses

The court may increase the basic child support arrangement to factor in other special expenses like the educational requirements of handicapped or special needs children. The court also considers visitation expenses. The non custodial parent receives the credit.

Other factors come into play when the court deliberates child support arrangements. Parents must ensure that the outcome is in the best interest of the child and will be beneficial and fair to everyone concerned.

Getting a Divorce when Retirement is Close? Think about Your Savings

Lawyer Holding a Gavel and Some Books

Lawyer Holding a Gavel and Some BooksIf you’re a responsible resident of Colorado, you should be smart enough to save for retirement throughout your working life. But do you ever consider what happens to your savings and Social Security benefits if you get a divorce?

You should. In fact, everyone should. Especially now that an increasing number of people above 50 are filing for divorce, retirement should be at the front end of divorce worries, a Denver divorce lawyer from MatthewsFamilyLawyers.com advises.

Some people depend too much on their partners financially. If you’re earning less than your spouse, you could rely on their savings and Social Security benefits to help carry you through your retirement years. But what if the marriage doesn’t work out and you have to divorce? Will your own savings be enough to support you?

Here are some of the things to take into perspective:

Colorado distributes property in an “equitable” manner

Unlike other states, Colorado is an “equitable distribution” state, not a community property state. In other words, marital property is not divided in half. Typically, the bigger earner of the couple gets a better advantage than the less-earner.

Legal and financial guidance is a must

If you’re almost at your retirement age and considering divorce (or think your partner is), it will benefit you to get legal and financial guidance. This will help you determine how much money you’ll have to live on based on your own savings through your retirement plans. Remember to look into your Social Security benefits, which you can access on the Social Security Administration website.

Planning for your financial future is critical at any age, and is all the more so if divorce is on the way.

The closer you are to your retirement age, the more you should worry about your post-divorce retirement funds. With the right legal and financial support to guide you, you can have the financial resources you need to spend your golden years in comfort.

When Do Child Support Payments End?

Child Support

Child SupportA common misconception that majority of people believe is that child support payments automatically stop when a child reaches 18 years old. However, child support laws are different from state to state, such that ending support and graduation don’t necessarily go together.

During a divorce in some states, the court can order a paying parent to provide child support until the child reaches 21 years old. Likewise, majority of states actually require paying parents to pay child support until a child’s high school graduation and in some instances, a child may already be well over 18 years old.

Child Support in Lump Sum

Child support is different from spousal support or alimony. In a lot of states, a waiver for seeking spousal support modification can be legally enforceable. However, a waiver for seeking child support modification is not, even in instances where the waiver was provided in place of a child support payment in lump sum.

Likewise, even if parents agree to a contract concerning child support lump sum payments, it is up to the judge to enforce the child support agreement or not.

Modifying Child Support

Life-changing events including a divorce, separation, injury, health issues, or job loss may warrant modification of a child support order. In this case, a parent can appeal to modify the child support agreement with the help of a St. George attorney. Modifying child support is a court order, and although it won’t immediately end the child support agreement, it will substantially increase or reduce the support payments a parent receives or provides.

Obtaining Legal Advice

Because child support orders don’t end immediately, a paying parent should request for the support payments to end when the child reaches 18 or 21, which is the age of majority in different states or in the event of emancipation.

If you have issues concerning child support orders, you must seek help from an attorney specializing in child support and family law, since every case is different and state laws can vary significantly.

What Makes the Paralegal Field Attractive?

Paralegal Profession

Paralegal ProfessionThe demand for paralegals, according to the US Bureau of Statistics, is anticipated to grow in the coming years. The jobs in the said field are expected to increase by 17 percent over the next years, which is faster than the average for more professions. This alone makes the paralegal field an attractive industry, especially for those who want to work as a legal professional.

The higher job growth in the said profession is driven by law firms hiring more paralegals to lower expenses and increase efficiency. Companies are also expanding their in-house legal services with paralegals, and handing over tasks that were once accomplished by lawyers.

Job growth, however, is not the only reason the field is appealing. Getting a paralegal certification online provides excitement, variety in day-to-day work, as well as opportunities to earn a good living.

Variety at Work

One of the best things about being a paralegal is that your work varies every day. You will handle different projects, with tasks ranging from conducting researches to interviewing witnesses and attending a court hearing. Other tasks include preparing legal documents, performing trial discoveries, and assisting in pro bono cases.

Countless Opportunities

Getting a paralegal certification will also give you access to a variety of opportunities in the market. Apart from finding jobs in the law firm, you can also find opportunities in nonprofit organizations, educational institutions, insurance agencies, and government. There are also jobs available in title companies, detective agencies, and corporate legal departments.

Earn More

While paralegals do not start out earning a lot of money, you can still work your way up to earn a good living. According to a report from PayScale, a paralegal earns an average salary of $44,317 per year, with advanced legal skills associated with high pay for the job. Earnings can also be dependent on a variety of factors such as experience, specialty, and job location.

A paralegal degree will give you a competitive edge, in case you decide to attend law school. The skills and the knowledge you gained in the field will help you get through lessons and classes. You may also have narrowed down your field of study, so you won’t waste time in finding a major or specialty.

Business Situations that Tell You Need Legal Help

lawyer

Even businesses need legal help at times. Yes, they are often seen as an added cost, but having a lawyer to guide you while setting up, operating, or closing a business is usually worth it.

Starting a Business

lawyerIt’s not just the capital and a business plan that you need when starting an enterprise or a small venture. There are legal aspects in putting up a business, which includes licenses and permits, as well as incorporation documents if there are other people involved.

Navigating the legalities is time-consuming and confusing. With legal help, you’ll be free from such concerns, allowing you to focus on other aspects. It should also set your mind at ease that you’re doing everything right legally before you begin operations.

Safeguard Interests

Denver business lawyers from Miller & Steiert, P.C. understand the importance of transaction documents. But some aspects of business operations may not be measured in numbers.

There are business partners who contribute more than just cash, such as appreciated property, intellectual property, or expertise. It’s difficult to quantify these contributions, but with the guidance of a business attorney, these will not cause potential problems in the partnership as long as the parties agree on the valuation. Having a lawyer to safeguard everyone’s interests avoids problems.

Special Cases

While a lawyer isn’t necessary in the operations of most businesses, there are instances when the services of one become a need. You need legal representation to deal with employees wanting to sue the company on grounds of discrimination or termination.

There are also businesses that are up for an investigation by the local, state, or federal authorities. It’s best that an attorney be present for the case.

Sale of the Business

You finally decide to sell the business. A lawyer should be there during negotiations until you finalize the deal. There are many legalities involved in the sale and transfer of a business, and it’s often more complex than starting a company. Don’t think of the cost. Think of the outcome when you do it right.

Business owners can do many things on their own when starting up and running the enterprise. But it’s good to know someone’s got your back to help when legal matters arise.