A divorcing couple with minor children will need to make important decisions regarding the care, support and provision of their children. If you need legal assistance as you and your former spouse make complex decisions regarding child support, you must speak with our Grapevine family lawyer.
We at Powell Law Offices, P.C., provide every client with one-on-one attention and will make every effort to see that your entire family is protected for the long run. Let us help you navigate this emotional and often winding road so that every member of the family is set up for financial stability.Calculating Fair Child Support Amounts
Family courts in Texas maintain that children need and deserve the care, protection and support of both parents, regardless of whether both parents live under the same roof. In a divorce, both parents will have an obligation to financially support their children.
The state of Texas provides a basic formula to calculate child support:
- Annual net income of both parents
- Number of children
- Monthly health insurance expenses
Child support will then be calculated as a percentage of the annual net of the noncustodial parent's income. The percentage varies depending on the number of children. Other circumstances may be factored in, such as the amount of child support being paid for other children from a previous marriage.
Annual net income may include:
- 100 percent of all wage and salary income and other compensation for personal services, including tips, commission, overtime pay and bonuses
- Interest, dividends and royalty income
- Self-employment income
- Net rental income
- All other forms of income being received, including retirement benefits, severance pay, pensions, shares, disability benefits and other gifts and prizes
If you need child support, are being asked to pay child support or simply would like to make certain that your child support agreement is fair for all parties involved, our Grapevine child support attorney at Powell Law Offices, P.C., can help you. We have been personally devoted to helping families through complex, emotional legal matters for years and can be trusted to guide your family through a difficult legal matter with ease, focus and compassion.You Deserve Fairness. Contact Powell Law Offices, P.C., Immediately
Divorce and the complex family decisions that come along with it are rarely straightforward. Though complexities exist and tension is common, this does not have to be the case for you. With the right legal counsel, you and your family can reach an agreeable and balanced child support plan that provides you, your children and your former spouse with the financial stability needed to maintain your level of comfort and quality of life.
If you would like to learn more about how child support will play a role in your monthly financial obligations, contact Powell Law Offices, P.C. ,today and speak with us directly.
We proudly serve Tarrant, Dallas, Collin and Denton counties.