Determining Gross Income for Child Support
Minnesota Child Support Lawyer
In Minnesota the support that the non-custodial parent pays for their c hild is calculated based on the gross income of that parent and the income of the custodial parent. It is important that the lifestyle of the child change as little as possible after a divorce. In other words, it is important to maintain the standard of living of the child to avoid any issues in the future. Many of these issues can be emotional so it is very important to secure sound legal counsel when determining the fair terms of your child support agreement . A Minnesota divorce attorney can assist you in the creation of a fair and reasonable support agreement that does not compromise your needs as an individual.
Shared Income Formula
On January 1, 2007 the shared income formula was put into effect. This new formula combines each parent's gross monthly income after any deductions in order to calculate Minnesota child support. This formula produces what is called parental income for determining child support, or PICS. There are some qualifying deductions that may be taken in order to reduce the parent's gross monthly income. Those deductions include:
- Spousal Maintenance (alimony)
- Child support payments to children from previous relationships
- Child care expenses
- Non-joint children living in the home
It is also possible for the non-custodial parent to receive a deduction based on the percentage of parenting time they have been awarded by the courts. Furthermore, the non-custodial parent is also responsible for the child's health insurance and any health expenses that are not covered. However, a deduction of these expenses may also be applied to monthly gross income.
Child Support Attorney Serving Minnesota
The changes in Minnesota child support law have been for the better, but the process has not been made any easier. The ideas behind the changes are to ensure that each child receives fair support and that their living standard does not change much. At Heimerl & Lammers, our attorneys are well-versed in the formulas and deductions that determine the amount of monetary support that is to be paid for your child. Our attorney will guide you through the child support process and help pursue the objective that will best serve and support you and your children.
Contact a Minnesota child support attorney to learn more about the formula for determining child support.