Topic: Income Averaging | 1 post(s).
September 13, 2024 - This video discusses using income averaging to determine child support when income fluctuates yearly. Averaging a few years of income can be a simple approach for calculating initial child support and can also be included in separation agreements for future modifications. However, if there's a significant income variation (20-30% or more), averaging may not accurately reflect the needs of the children or the payer's ability to pay.For more information about med [...]
The contents of this editorial should not be considered legal advice. The information provided in this editorial is intended to be general information and is not intended to be a substitute for a consultation with an attorney. Each case and situation is different and must be handled based upon the specific facts and circumstances unique to that case. For specific answers to questions on an individual case, it is best to consult with an attorney. Attorney Advertising