Child Support

Under New York law, parents are obligated to support their children until the age of 21. The Child Support Standards Act provides a formula that determines the amount of support that a non-custodial parent is obligated to pay to the custodial parent. However, in many instances, parents decide it makes more financial sense to deviate from the formula. This can be because they are sharing custody of the children equally, or because of other circumstances. One of the most challenging parts of negotiating the correct amount of child support, is determining a parent’s actual income. For example, when a parent is self-employed they may receive business perks that need to be calculated into the personal income. In more complicated cases, we may suggest retaining a forensic accountant to help determine a parent’s actual income.