Child Support: Statutory And Contractual Page 5

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Child Support: Statutory and Contractual
Chapter 10
TABLE OF CONTENTS
I.
INTRODUCTION ................................................................................................................................................... 1
II.
IS IT STATUTORY OR CONTRACTUAL? A DISTINCTION WITH A DIFFERENCE ................................. 1
A. Statutory .......................................................................................................................................................... 1
B. Contractual ...................................................................................................................................................... 2
Proven Needs – such as Private School ................................................................................................... 3
1.
2.
Intent of the parties control for excess amount ........................................................................................ 3
C. Modification of Statutory or Contractual ........................................................................................................ 4
1.
Statutory Modification. ............................................................................................................................ 4
2.
Contractual Modification ......................................................................................................................... 4
D. Parenting Plan is Not a Contract… ................................................................................................................. 4
III. RESOURCES FOR YOU – UTILIZE OTHERS’ EFFORTS ................................................................................ 5
IV. ATTORNEY GENERAL INVOLVEMENT .......................................................................................................... 6
V. TAX CONSIDERATIONS ..................................................................................................................................... 6
A. Personal Exemptions ....................................................................................................................................... 6
1.
Introduction ............................................................................................................................................. 6
2.
Written Declarations Executed after July 3, 2008 ................................................................................... 7
3.
Determining the Custodial Parent ............................................................................................................ 7
4.
Revocation of a Release .......................................................................................................................... 7
5.
Expiration of a Release ............................................................................................................................ 7
6.
Effect of the Release of the Exemption on Head of Household Status and Child-Related Credits ......... 7
7.
Medical Care Expenses of Dependents ................................................................................................... 8
8.
Conclusion ............................................................................................................................................... 8
B. Negotiation Chart for Child Support Maximization and Tax Reduction ........................................................ 8
VI. CONCLUSION ....................................................................................................................................................... 9
EXHIBIT A ................................................................................................................................................................... 11
EXHIBIT B ................................................................................................................................................................... 12
EXHIBIT C ................................................................................................................................................................... 13
EXHIBIT D ................................................................................................................................................................... 14
EXHIBIT E ................................................................................................................................................................... 15
EXHIBIT F ................................................................................................................................................................... 16
EXHIBIT G ................................................................................................................................................................... 17
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