Understanding the financial factors in calculating child support
What Information Is Required to Calculate Child Support?
The following is a checklist of financial factors that the California child support guideline calculation takes into consideration. If child support will be a factor in your divorce, you and your spouse will need to provide the financial information related to each item.
Child Support Checklist
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- Monetary payments for child support
- From whom to whom
- Amounts and how often
- Direct or through the court, court fees
- If direct, any coverage of legal costs for enforcement
- Any reduction of child support when children with other parent
- Child care expenses
- Other child-related expenses (clothing, activities, camp, etc.)
- Medical insurance coverage for children
- Carried by whom
- Payments made by whom
- Change if parent carrying insurance not covered through employment
- Medical costs not covered by insurance
- Paid for by whom
- What will be paid for – hospital, medical, optical, dental, orthodontic, counseling, psychological, psychiatric
- Life insurance to cover obligations to children in case of death of a parent
- How much to go for this obligation
- For how long
- Who will be the beneficiary
- Should there be a life insurance trust
- Income tax exemptions for children and signing of a waiver
- Post-high school education of children
- Any minimum guarantees to children
- Any agreement on contributions by parents
- Monetary payments for child support
- Copyright © Zena D. Zumeta, JD, 1998. Reprinted with permission