Leading family law attorney Francis King, founder of the Law Offices of Francis King in Nashville, TN explains how Tennessee calculates child support using both parents’ incomes, parenting time, health insurance, childcare, and other factors. For more information please visit https://franciskinglaw.com
-- In a recent interview, Francis King, founder of the Law Offices of Francis King in Nashville, TN, walked through how child support is actually calculated so as to take the mystery out of the process.
For more information please visit https://franciskinglaw.com
King explained. "Tennessee uses what's called an income shares model, which looks at both parents' incomes together, not just one.”
King noted that several other factors, not just the parties’ incomes, are part of the calculation. "It isn't just about incomes. The amount of time each parent spends with the child matters, and so do costs like health insurance and work related childcare," King explained, "All of that gets factored in, which is why two families with similar incomes can end up with very different figures."
King warned against parents trying to game the system by understating their earnings. "Some people are tempted to hide income or quit a good job to lower their payment. That almost always backfires," he said. "A court can assign income based on what you're capable of earning, not just what you happen to be earning at the moment."
King concluded, "Child support isn't a punishment, and it isn't a reward. It exists so children keep the stability they deserve after their parents split up. When both parents keep that in mind, the numbers become a lot easier to accept."
Source: http://RecommendedExperts.biz
Contact Info:
Name: Francis King
Email: Send Email
Organization: Law Offices of Francis King
Address: 4235 Hillsboro Pike #300 Nashville, TN 37215
Phone: (615) 899-4355
Website: https://franciskinglaw.com
Release ID: 89203497
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