Spouses can get quite creative when it comes to stashing money away that would otherwise be a marital asset. Typical examples include opening offshore bank accounts, using hidden retirement accounts or deferring compensation. One CPA even tried to overpay the IRS with the idea that he would later file for a refund.
Determining paternity and establishing child support can be overwhelming and confusing. Parents must deal not only with their work life and their home life, but with the often-frustrating bureaucracy of the court process. Stress is heavy, emotions are high and the process is rarely easy if contested.
Some parents mistakenly believe that child support payments can only be put toward basic necessities. This is an increasingly common misconception, but it couldn’t be farther from the truth. Child support can in fact be put toward many different costs.
A parent who has been ordered to pay child support may not always come through. If you are a custodial parent whose former partner has failed to make child support payments, you have experienced this firsthand. It can be incredibly frustrating, not to mention financially damaging for you and your child. So, is there any way for the court to force someone to pay child support?
Child support matters can be prominent issues in divorce cases. There are also major child support issues that can arise for a parent after a child support order has been issued in a divorce. One situation that could come up over such an order that could leave a custodial parent very worried is their ex failing to comply with the order.
Child support plays a major role in the lives of many parents and children here in Texas. We are currently in a month where special focus is put on this impactful issue. August is "Child Support Awareness Month".
Summer camps have long been a staple of the summer experience for kids here in the United States. However, the types of summer camps available have been changing over time. There are now many choices beyond the traditional, outdoor-activity-focused programs. There are camps focused on all different kinds of interests and skills.
Unfortunately, when a family separates, the cost of living goes up. In the state of Texas, both parents have a moral and legal obligation to support their children. Child support laws are in place to ensure that parents live up to their financial responsibilities regarding their children. If one parent fails to meet these responsibilities, legal action may be appropriate. Recently, a lawsuit was filed against major league baseball player Jose Reyes amid accusations of failing to pay child support.
Do you expect your children to be financially self-sufficient by the time they reach college age? If not, do you plan to help cover the costs? You and your former spouse might have discussed this issue once upon a time, but were those expenses included in your child support order?
When divorce or paternity results in the need for child support payments to be made by a parent, the state of Texas has guidelines used to establish the payment amount. Ideally the payments are then made in full at the prescribed time. However, the reality of non-payment of child support is a problem many parents have to deal with and overcome.