Times are hard in many different ways right now. Many people may be struggling financially and likely depend on every bit of financial help that they can get. With this in mind, our child support lawyers at the Lake of the Ozarks are here to give you some information on why your child support payments may change sometimes in this week’s blog. You honestly can’t predict the future and it’s best to arm yourself with knowledge when it comes to what can decrease or increase the incoming cash flow that helps you support your children. If you have any questions regarding child support, call one of our experienced child support lawyers in Camden County today. Deputy and Mizell is here for you! We can be reached at 573-346-9990.
Why Child Support Payments May Be Changed Sometimes
THE PAYING PARENTS MAKES MORE MONEY THAN WHEN YOU STARTED THE PAYMENT AGREEMENT
If the paying parent receives a substantial increase in income due to a raise, this may qualify as a means to have the child support payments they are making modified.
THE CHILD NEEDS AN EXPENSIVE MEDICAL PROCEDURE.
If the child that is being supported by these payments needs a medical procedure, for example, such as braces, that requires a substantial lump sum to complete, then a modification in child support payments may be made.
MORE CHILDREN COME INTO THE FAMILY.
If the paying parent gets married again and has other children, they are likely financially responsible for these children. This situation may be used as a way to modify the child support agreements to a more realistic way of affording everything.
THE PAYING PARENT LOSES THEIR JOB.
A loss of income meaning you have been fired from your job, you have experienced a demotion, or you have been put on temporary leave without pay may qualify as a life change that can be used to modify your child support payments that you may be making or those that you are receiving, depending on who you are in the equation, the paying parent or the receiving parent. If you have lost your income, the child support agreement can be revisited and modified to a more realistic payment amount.
THE PAYING PARENT INHERITS A GREAT DEAL OF MONEY.
If the paying parent receives a hefty inheritance the receiving parent may be able to use this as an opportunity to have child support payments increased for the sake of the child.
Missouri Child Support Lawyers You Can Count On!
All of us here at Deputy and Mizell hope that this blog finds you well and safe. Times are so uncertain right now and no one truly knows when this pandemic will really end. In uncertain times such as these, it’s important to have certain things you know you can always count on. When it comes to your legal help at the Lake of the Ozarks, feel at ease knowing you can always count on Deputy and Mizell. We provide skillful representation in the areas of:
- Personal injury law
- Criminal law
- Divorce and family law
- Social Security Disability law
Give us a call today for your free initial consultation. Our phone numbers are listed below. Stay safe and be well, everyone!
Contact Deputy & Mizell, LLC to schedule your private (FREE) consultation today.
Representing Clients Across the Lake of the Ozarks Region