When a couple with children decides to separate or divorce, one of the most important issues that needs to be addressed is child support. It is often a contentious issue that can cause a lot of stress and tension between the parents. However, it is possible to avoid the stress and tension by creating a private child support agreement.
A private child support agreement is a legal contract between the two parents that outlines the amount and terms of child support payments. This agreement can be made without the involvement of the court system, which means that it is a more affordable and efficient option for parents who are looking for a less confrontational approach.
The following is an example of a private child support agreement that can be used as a guide by parents who are creating their own agreement:
1. Child Support Amount: The non-custodial parent agrees to pay $500 per month in child support for one child.
2. Payment Schedule: The child support payment will be due on the first day of each month and will be paid directly to the custodial parent.
3. Duration: The child support payments will continue until the child reaches the age of 18 or graduates from high school, whichever comes later.
4. Modification: Either parent may request a modification of the child support agreement if there is a significant change in circumstances, such as a change in income or a change in custody.
5. Other Expenses: The non-custodial parent agrees to pay 50% of any additional expenses related to the child, such as medical expenses, extracurricular activities, and educational expenses.
6. Termination: The child support agreement will terminate upon the death of either parent or if the child is legally emancipated.
7. Governing Law: This agreement will be governed by the laws of the state in which the child resides.
It is important to note that this is just an example of a private child support agreement and that every agreement will be different depending on the specific circumstances of the parents and their children. However, it is a good starting point for parents who are looking to create their own child support agreement.
In conclusion, a private child support agreement is a more affordable and less confrontational option for parents who are looking to address child support issues. By creating a legal contract that outlines the amount and terms of child support payments, parents can avoid the stress and tension that often comes with court-ordered child support. If you are looking to create a private child support agreement, consider using the above example as a guide to help you get started.