When parents choose to terminate their marriage, the aftermath can have a dramatic effect on children involved in the divorce. In addition to undergoing major emotional changes as children may be required to transition to another home and adjust to a new environment, there are financial changes as well. In an attempt to reduce the financial gap that often occurs when parents’ divorce, the non-custodial parent may be ordered to pay child support.
In Kentucky, child support is calculated by using the income shares model. This model is based off the belief that children should have access to the same financial support that he or she would have received if the parents had stayed together. This formula takes into account the adjusted gross income of both parents, rather than simply the income of the non-custodial parent.
In addition to the gross income, there are other factors that may be considered when calculating the final child support amount that is entered into the divorce settlement. According to Kentucky statute, these factors include the following:
- Education, including any special educational needs the child may have.
- Health insurance coverage, such as deductibles, premiums and copays.
- Daycare expenses.
- Traveling to pick up and drop off kids for parenting time.
In some cases, extracurricular activities and other activities may be factored into the child support amount as well. People should keep in mind that although a set child support amount may have been included in the divorce settlement, it is not always set in stone. Certain circumstances may allow a parent to revise, or modify the child support terms.