New Jersey Child Support

NJ Collaborative Divorce Issues

Some of the most contested issues for divorcing parents are child custody and child support. Historically, the mother would retain custody of the children with visitation rights for the father. This was often due to the fact that the father was the primary breadwinner and was unable to dedicate the time necessary to raise the children because of employment responsiblities. Today, it is quite common for both the mother and father to work full-time and we see joint custody much more often. Although many courts are hesistant to award primary or sole custody to the father, it is possible.

Both parents have rights that need to be recognized and protected. A New Jersey divorce mediator from our team understands what these rights are and takes a comprehensive approach to divorce. We look at the financial, legal and emotional nature of your divorce and give you solutions and resources so that you, your ex-spouse and children are able to start looking toward the future.

NJ Child Support Guidelines

Factors that weigh into Child Support include but are not limited to the income levels of the mother and father, the ages and number of children, the childcare expenses involved, and the child custody arrangements. While New Jersey guidelines do exist, each situation is unique. It is important that you review your situation with a professional before making any assumptions.

Another item to consider when looking at Child Support is the tax consequences of both Alimony (Spousal Support) and Child Support. Whereas Alimony is tax deductible by the payor and considered income for the recipient, Child Support is not. The tax categorization of payments can be adjusted by the IRS based on actions you take, even after the divorce is finalized. We will make you aware of potential pitfalls in this area and help you avoid tax recharacterization.

Divorce financial planning is an often overlooked area during the divorce process. To ensure that your financial future remains intact and you are in a position to maintain your current lifestyle and provide for you children, you should speak with a Divorce Financial Planner. A Divorce Financial Planner can help you manage your financial affairs to protect the assets you receive in your property settlement, obtain the necessary insurance protection to secure your child support and alimony payments, and maximize the income you generate from any lump sum payments you receive.

Contact a New Jersey divorce advisor to ensure that the best interests of your children are treated as a priority.