With a divorce, the parents fall into one of two categories, the custodial parent and the non-custodial parent.
The parent who is not living with the child is still responsible to help support the needs of the child financially. The Child Supports Standard Act provides a formula to determine the amount of basic child support that needs to be paid but often, we deviate from this formula because it makes more financial sense. All expenses associated with the child, medical, educational, extracurricular etc. are divided based on each parent’s income. Each family is different, and the child support amount will change accordingly.
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