In every case involving minor children, there is a possibility that one party will be ordered to pay the other party child support.
Calculating Child Support in Colorado
The formula for calculating the amount of child support a party is presumed to pay is determined according to statutory guidelines. The formula is comprised of different criteria, including but not limited to the parents’ gross incomes, the number of overnights the children spend with each parent, costs of health insurance, daycare, and certain extraordinary expenses, the parties’ other biological, minor children and other factors.
Several situations can arise that create challenges in determining the proper amount of child support that should be paid. These situations may include a parent working part-time, changing jobs, being fired or quitting a job; a parent who is self-employed or whose income decreases drastically shortly before or during the proceedings; a parent who goes back to school; a parent who receives gifts of money from third parties or passive income; a parent whose employment is seasonal; a child being enrolled in private school, competitive sports or other activities with substantial and recurring expenses and more.
If you have child-support questions, please contact Mr. Jarrett at 303-863-0777.