If you have been awarded child support payments by the court, you might not be sure what they can be used for in Ohio. There are plenty of uses for child support payments, but one of the most important is investing in your child's future. This can be done by creating a 529 account for college and much more. It's wise to take a look at other ways you can use child support to invest in your child's future.
When people least expect it, life circumstances can arise that place them in a precarious financial situation. For people without children, it is easier to find a solution to these situations because they do not have to worry about providing for kids. For Ohio parents who contribute to the care of their kids through child support, a single financial hardship can have many detrimental consequences for parents and children alike.
Your ex pays you child support. Since you got a new job with a new schedule, you do not have time to watch the children every day. You want to use some of the child support money to pay for day care so that you can go to work.
You and your ex divorced five years ago, with a one-year-old child. Your ex got custody and you were told to pay child support. You did so diligently for years, but now your ex has moved on. He or she is getting remarried this summer.
Child support is an obligation the state places on parents of children when the adults end their relationship. The action might be prompted by divorce. In some cases, the parents aren't married, but parenthood has been established and the assignment of child support becomes possible. The rationale, of course, is that support is in the best interest of the children and it's the obligation of parents to provide.
Under Ohio law, the presumption on the behalf of every child is that both parents bear a duty of support to the youngster until age 18. This applies whether the adults are married or not. That being the case, the expectation is that both parents will provide financial support in accordance with a formula that reflects the parents' existing combined resources. Potential earning power of each parent might also be a factor.
Some people thrive amid change. Most we venture to suggest, however, would rather maintain a certain level of routine in their lives. Unfortunately, there are usually elements over which we have little or no control.
Child support is a serious matter. Significant life situations like divorce or being a single parent puts strain on adults, but they also seriously affect children. The state isn't in a position to provide the emotional support that children require for positive development, but it does have the ability to help manage the financial side of things and it does this through the Child Support Enforcement Agency (CSEA).
Child support is an important part of any child custody case. One parent will be required to issue payments to the other parent on a regular basis. Those payments can be used for just about anything when it comes to raising the children. But, what exactly can they be used for? We will discuss the uses of child support in today's post.
As a parent, you want to do everything you can to help your child grow up happy and healthy. You want to give them a memorable childhood and a bright future. You want to support them in their endeavors, whether they are sports, music, dance, arts or another extracurricular activity.