Divorce typically requires equitable distribution, and often a requirement for child support. How are these figures determined?
I think there are two steps to that:
- One would be a complete financial analysis to figure out what assets are available, and what could be distributed to each party.
- And the second step would likely be financial projections. When you’re trying to determine what would be a reasonable amount of child support, it’s helpful to know the earnings potential of the person providing that support. And what would be a reasonable percentage of those earnings? You have to look toward the future, and that’s easier in some cases than others. If the person is salaried it’s a lot easier than if they have their own business, or on commission.
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