Regardless of whether you live on a farm in Georgia or in the middle of downtown Atlanta, child support in the state is calculated based on the income as well as qualified deductions of both parents. While the calculation of child support payments might seem simple and straightforward, it is often a complex process for farm families.
How Georgia Child Support is Calculated
In 2007, Georgia adopted the “income shares model” for calculating child support. Current calculations require the total gross income of both parents to be considered. In deciding the total gross income, courts must consider income from all sources before any tax deductions.
This can present substantial challenges for farm owners, who do not have s straightforward income and who often have a difficult time calculating the amount of money that they owe. If a farm is responsible for paying for a parent’s daily living expenses, courts will often impute this into the parent’s income for the purposes of determining child support.
Emancipation or When Child Support Ends
The age of emancipation for child support in Georgia is 18. The exact age at which child support stops in Georgia, however, is often negotiable. For example, a parent in Georgia might agree to extend child support payments until the child’s 21st birthday or after the child graduates college. The date at which child support ends can also be extended if a child has special needs and is dependent on the parents to provide financial support.
Deciding How Secondary Education Will be Paid for
While not exactly child support, one of the other issues that divorcing farm families should discuss in preparation for a divorce is how college and secondary education costs for the child will be paid. Some parents wait until the child is about to attend college to solve this problem, but other divorcing couples choose to tackle these issues in advance. In some situations, one parent might agree to pay for a child’s college education in exchange for a more favorable term during the divorce.
Realize the Value of Life Insurance During a Georgia Divorce
Some parents decide to use life insurance as a form of security for child support payments. This way, the child will continue to receive support even if the parent passes away. While Georgia courts can require parents to take out life insurance, parents often do so voluntarily.
Modification of Child Support
Farm families should understand that child support is capable of being modified. The state of Georgia allows for child support to be modified if there is a substantial change in circumstances. Because modification is a complex area of child support, it is often best to navigate these matters with an experienced family law attorney.
Speak with a Knowledgeable Family Law Attorney
To make sure that your child support agreement is fair, one of the best steps that you can take is to speak with an experienced attorney. Contact Vayman & Teitelbaum, P.C. today to schedule a free case evaluation.