The standard guide for the payment of spousal child support in New York is set by dividing the gross income of both parents, and multiplying the amount by a standard percentage. These percentages apply only to income amounts of up to and including $80,000 and are as follows: 13 percent for one full dependent; 10 percent for two or more dependent children; and, if applicable, 9 percent for three or more dependent children. In addition, New York requires that the court take into account the ability of each parent to provide for the education of each dependent child and the health care needs of each dependent child.
Although non-custodial parents may choose an independent financial advisor, the majority of these individuals are paid by the custodial party. As a result of this arrangement, it becomes necessary to select an individual who can assist you in the selection process. One way that you can do this is to interview several different financial advisors. It is essential that you do not make a final decision until you have thoroughly researched several potential financial advisers.
It is also a good idea to interview the custodial parents themselves. Their knowledge of your situation and how the agreement has been worked out is invaluable in making an informed decision. If the non-custodial parents are willing to discuss the terms of your agreement with you before hiring a lawyer, it is likely that they are able to offer advice on which attorney will be the best fit. Even if the custodial parents are unwilling to discuss their agreement with you, there are a number of other resources available to help you make an informed decision about which attorney should represent your case.
There are also some websites available which can assist you in drafting the child support agreement with the custodial party. You may want to visit the Child Support Guideline Organization to obtain an overall overview of the various laws that apply in New York to child support payments and the child support guidelines. These websites can be helpful in helping you determine the best course of action to take in developing the best child support agreement for your situation. Your attorney will be able to provide you with the specific information that you need to complete the child support agreement.
Other additional resources that you can utilize include the services of a financial advisor in locating a child support lawyer. While these professionals are not required to represent you in the process, it can be beneficial to obtain advice and assistance in determining what is in the best interest of your child in order to make the best decision. These professionals may also be able to point you in the direction of a family law attorney, or other appropriate resource, who can assist in the preparation of the custody and/or child support agreement.
Once you have reached an agreement regarding the child support payments and the amount and frequency, you must ensure that the agreement is legally binding. If this is not done correctly, you could find yourself in legal hot water should the other party decide to challenge the arrangement in a court of law.