High-Income Child Support Situations
Is Your Income Higher Than Average?
High income child support situations, also referred to as "above the guidelines," operate by a different set of standards than the average child custody case. This can work in favor of the child but often requires a delicate balancing act as the court determines an appropriate support order.
It is important to secure skilled representation while the court settles your child support orders. The Law Office of Darren C. O'Toole, LLC can protect your rights and ensure that you are not cheated out of what you deserve. Our team of Monmouth County divorce attorneys have been serving Monmouth and Ocean County for over 20 years and would be honored to represent you.
How is "Above the Guidelines" Support Determined?
In New Jersey, the situation is above the guidelines if the combined income of both parents is greater than $187,000. All income up to that amount is subject to standard child support guidelines, but for the subsequent income, everything above $187,000, things aren't quite so black and white.
For the income that doesn't apply to child custody rules, the court separates the custodial parent's budget into two categories – the reality-based component and any added projections. Added projections can include private school tuition, summer camp, music lessons, and vacations.
The court considers the following for the reality-based component:
- The needs of the children
- The living standards of both parents
- The age and health of the children
- Each parent's earning ability
- The debts and liabilities that either parent may have
Each high-income situation is different and one parent may be required to set aside savings, while another may be required to cover car and clothing expenses.
Work With Our Monmouth County Family Lawyer!
When money is involved, conflicts are likely to arise. Our firm is proficient at offering representation in custody arrangements and will work tirelessly to meet the needs of both you and your children.
The first step toward a promising future is to schedule a free confidential evaluation with our firm. Contact us today to learn more about your options!