When going through a divorce, child support is mandatory when minor children are involved. Child support includes a number of different factors, including medical, dental, vision insurance premiums, costs for medical expenses, extracurricular activities and more.
How is Child Support Calculated?
In the state of Georgia, child support is calculated based on an “Income Shares Model.” The Income Shares Model is based on the concept that the child should receive the same proportion of parental income that he or she would have received if the parents lived together. Through this model, the incomes of both parties involved is considered. Income in this context includes, but is not limited to, salary, bonuses, commissions, self-employment, rental property income, capital gains, unemployment and social security.
Based on the income of both parties involved in the divorce, obligations are calculated. Factors that go into this are whether or not one parent is custodial or non-custodial.
Because there are so many factors that go into calculating child support in Georgia, there isn’t any one number that can be stated point blank. If you and your spouse have decided to get a divorce and you have minor children, contact one of our attorneys today to discuss your options.