Securing life insurance to cover court ordered child support payments in the event of the payer’s death is important. A thoughtful calculation is necessary to ensure that the life insurance policy is robust enough to cover what might be years of support. Life Insurance to Cover Child Support Payments Life insurance to cover child support […]
Remarriage May Impact Spousal & Child Support in Wisconsin
Sometimes a financially dependent spouse is awarded spousal maintenance aka alimony in a divorce for a defined period of time or permanently depending on various factors such as the length of a marriage and financial need. If the recipient later remarries or cohabitates, alimony payments will end regardless of whether the remarriage improves the financial […]
Ex Moved Out of State | Stopped Paying Child Support
When your ex-spouse fails to pay child support there are a number of remedies from wage garnishment to revoking a driver’s license to ensure compliance. A parent may also be held in contempt of court and face legal consequences. Even when spouses live in separate states, matters related to past due child support are typically […]
Life Insurance for Child and Spousal Support Obligations
When spouses divorce, the higher earning spouse may be ordered to pay alimony or, if there are children from the marriage, child support. Because children in particular depend on the financial support of their parents, many wonder what happens in the event of a payor’s untimely death – is there a way to protect the […]
Child Support Arrears in Bankruptcy
When a divorced parent who is ordered to pay child support experiences financial difficulty, they may decide to file for bankruptcy protection to discharge unsecured debt under Chapter 7 or enter into a debt repayment plan under Chapter 13. Chapter 7 bankruptcy is for individuals who meet certain income requirements which allows debtors to discharge […]
How Much Child Support Will I Receive?
The standard guideline for the payment of Wisconsin child support is based on the payer’s gross income and the number of children involved. The guideline percentage amounts are: 17% for one child 25% for two children 29% for three children 31% for four children 34% for five or more children Because every situation is unique, […]
Child Support When Voluntarily Under Employed or Unemployed
A divorced parent with a child support obligation can unexpectedly land on financial hard times, often due to losing employment or a reduction in hours. Despite their best efforts to find gainful employment to support their kids, they may not have the skills or education to find a job or earn as much as they […]
Health Insurance Coverage Following a Divorce
It is not uncommon for one spouse to be covered under their spouse’s employer-sponsored health insurance plan. When couples divorce, a covered spouse can elect to continue on their ex-spouse’s coverage for up to three years under COBRA. However, although COBRA is certainly a way to bridge the gap following a divorce, it is not […]
Wisconsin Child Support Calculator
If you are a parent considering divorce in Wisconsin, you will likely have questions regarding your child support obligation. The amount of child support that you will pay is determined by how many overnights the children spend at each parent’s home throughout the year. For parents who have less than 25 percent placement, child support […]
Child Support Modification Questions
Many questions regarding the payment of child support arise when a parent remarries, loses their job, or increases their income. The rule of thumb is that if there is a substantial change in financial circumstances of either or both parents, the amount of child support may be modified. Say for example, a parent remarries. Many […]