In any Family Law action involving a minor child, a decision has to be made about how to meet the child’s financial needs. Normally, one parent will pay the other parent an amount of money that is supposed to be used for the benefit of the child (“child support”).
Child support may be paid through periodic payments, lump-sum payments, an annuity purchase, the setting aside of property to be administered for the support of the child, or any combination of these methods. Child support is paid until:
The amount of child support one spouse will pay to the other is ordinarily determined by applying a strict equation set forth in the Family Code to the paying spouse’s net monthly financial resources. The “child support guidelines” are generally applied as follows (assuming the paying spouse has net monthly resources of less than $7,500.00, and is not obligated to support other children):
|One child||20% of net monthly resources|
|Two children||25% of net monthly resources|
|Three children||30% of net monthly resources|
|Four children||35% of net monthly resources|
|Five children+||Not less than 40% of net monthly resources|