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Child Support Settlements

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With some divorce cases come huge child support settlements. Here is a look at what child support is as well as how child support money is meant to support the children, and some real cases. Calculating child support is often based on the income of each parent and the ages and needs of the children, and divorce lawyers often battle it out to see who will have to pay what.

Child Support Settlements: What is Child Support?

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Child Support Settlements

With some divorces come huge child support settlements. Here is a look at what child support is as well as how child support money is meant to support the children, and some real cases.

What is Child Support

Child support is an ongoing, periodic payment (but in more rare cases and depending on the jurisdiction, it may also be paid in a lump some) made by a parent for the financial benefit of a child following the end of a marriage or other relationship.

Child maintenance is paid directly or indirectly by a obligor to an obligee for the care and support of children or a relationship that has been terminated, or in some cases never existed.

Calculating the Amount

Various approaches to calculating the amount of child support award payments exist.

Many jurisdictions consider multiple sources of information when determining child support:

  • Income of parents
  • Number and ages of children living in the home
  • Basic living expenses and school fees

If the child has special needs, such as treatment for a serious illness or disability, these costs may also be taken into consideration.

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