How is Child Support Affected by a Parent with Extraordinarily High Income?
The guidelines established as expressed in the child support formulas have an exception for extraordinarily high earners. In those cases rather than submit to discovery of his or her income, the parent can stipulate that the court order whatever is necessary for the support of the child. This has the effect of limiting child support to only the maximum necessary for the best care of the child, without which the formula might require payments in excess of the child’s needs. Likewise, it can protect the payer parent from discovery of his income allowing personal information to be kept away from public view. If you have an exceptionally high income, call Sagaria Law today to schedule an initial consultation to protect your financial well being.