Recently, divorced parents in New Orleans put the first week of back to school drama behind them. They may even have a sigh of relief knowing the school bus is picking up the kids at the right place, handing off with the other parent is going smoothly and the children seem to be settling into their routine. But then come the notices asking about extracurricular activities and the questions begin flying again. Who will pay for the activities and associated costs?
We've devoted a significant amount of our recent posts to issues involving child support, and for good reason. As we discussed previously, raising a child is becoming more expensive. This fact, coupled with the high divorce rate in Louisiana, means that many custodial parents are left struggling to find ways to make ends meet. Perhaps the best way for them to find the financial stability they need and deserve is to pursue child support from a noncustodial parent.
Depending on which side of a child support dispute you find yourself on, you may either be unable to either pay or recover owed child support. Custodial parents who are unable to recover child support may have a tough time paying for their child's educational expenses, extracurricular activities, and even their everyday expenses and medical costs. Noncustodial parents, on the other hand, may find themselves unable to make child support payments due to a decrease in wages or another change in circumstances.
As we discussed last week, the cost of raising a child can be enormous. Although the financial responsibility tied to raising a kid can be daunting when a couple decides to take it on together, single parents can face an even more difficult time making ends meet while also providing their child with what he or she needs and deserves. This is why recovering child support from a noncustodial parent is so important. Doing so can ease the burden on a custodial parent and ensure that the financial responsibility of raising a child is shared fairly amongst the child's parents.
Ask any parent and he or she will tell you that raising a child can be costly. Feeding, clothing, educating, and entertaining a child can eat away at one's finances, piece by piece. Yet, the true costs associated with raising a child are shocking.
Whether you are considering divorce, or are a parent to a child who was born out of wedlock, you are likely facing significant financial challenges. In the event of marriage dissolution, you might have to deal with property division and alimony, and parents often have to address child custody and visitation as well. One of the most significant financial obligations that can arise out of these situations is child support. Regardless of whether you are a custodial or a noncustodial parent, properly addressing this issue could make all the difference in your and your child's financial stability.
Raising a child is an expensive venture, and one that will last for at least 18 years. For many parents, sharing these expenses is second nature and issues don't arise, especially when parents remain in a relationship with each other. Oftentimes, though, parents either had their child out of wedlock or have since divorced, making a fair division of child raising costs more of an issue.
Getting divorced can be an emotional event. This may be especially true when children are involved. However, even after child custody and visitation schedules have been settled, child support can have a huge financial impact on an individual's life. Either he or she will have to pay support or a custodial parent may seek to recover support.
Going through divorce can be emotionally challenging. What was once a family unit can be broken apart, sometimes in a way that leaves parties with a lot of heartache and negative animosity. In addition to having to redefine their new lives after marriage in emotional terms, those who get divorced will also need to ensure their financial stability. This may be tricky, particularly when children are involved.
Depending on whether you are a custodial parent or a noncustodial parent, child support can either be a strong financial support or a heavy burden. In an attempt to reach a happy medium, the family law system in Louisiana seeks to establish child support that ensures that each parent is paying his or her fair share. Yet, this "fair share" is determined based on several factors. By knowing what can affect a child support obligation, Louisiana parents can take action, including seeking a child support modification, when warranted.