Is Child Support and Percentage of Custody a Factor?
It is important to note that just because the parents share equal time with the children, this is to say they have a true 50/50 equal time split, does not mean one parent will not have to pay the other one child support. If one parent earns more money than the other, it is likely that he or she might have to pay child support to the other parent even if they share equal time with the children. In every state, the amount of support is set after the needs of the child and the parent’s income are assessed through the use of state specific guidelines. The paying parent must regularly make the ordered payments usually half is paid of the 1st of the month and half on the 15th of the month. Failure to remain current with child support obligations exposes the paying parent to significant penalties. Furthermore, child support arrears collect interest at a rate of 10% per year and pursuant to California Law there is no statute of limitations for child support arrears. The debt is good until paid
