A divorce is typically one of the hardest things a person can experience. From the emotional trauma to the financial challenges associated with it, divorce affects every portion of a person’s life. The impact is even greater when there are minor children involved and decisions relating to parenting time, child support and more must be agreed upon.
Responsible parents want to provide appropriately for their children but even the most doting parent can be shocked at the price tag of a child support order. A recent news article gives details about some statistics related to the cost of raising children that may shed new light on what often seems to be a steep monetary award. According to the U.S. Department of Agriculture, it costs almost $235,000 to raise just one child to 18 years of age, or nearly $1,100 a month for those 18 years.
That number no doubt is higher than many parents may like to see but can give some perspective on what can seem like a high child support award. When determining child custody and child support, the courts factor in many things that point to the best interest of the child. From a monetary perspective that includes everything from food, housing, clothing, education, transportation, health and personal care and more.
Parents facing a divorce should understand the parameters surrounding legal custody, joint custody and child support. All of these will have a big impact on their future lives. Working with a legal professional can be a good way to learn the facts about these topics.
Source: Huffington Post, “Child-Support: Paying Your Fair-Share?,” Morghan Leia Richardson, August 14, 2013