Making sure that kids have everything they need is an essential part of being a parent, but things can get complicated after divorce. Maybe you are facing the adjustment of becoming a single income household or have to find a way to reenter the workforce. Illinois child support laws make sure that kids are not lost during this time of transition.
Illinois uses the Income Shares Model for determining which parent should receive child support, and for how much. This model does not just take a flat percentage of the paying parent’s income. Instead, the court will use a formula to consider both you and your ex spouse’s financial status.
This formula calculates both of your net monthly incomes and then combines the total, showing how much income is available altogether. From there, the court can determine the percentage that you each contribute to that net monthly income. The Income Shares Schedule shows the basic support obligation based on how many children you share and the previously determined combined adjusted income. Both you and your ex’s percentage share of the net income is then multiplied by that basic support obligation, which will show both of your financial obligations.
There is more to consider, though. Child support is usually adjusted for things like child care, health insurance and even extracurricular activities. Shared custody can also influence support obligations. Since there are many factors at play and your child’s financial security is on the line, you should be sure to visit our website to learn more about Illinois family law.