Limited Child Support Agreement Definition
Child support is an essential part of ensuring the well-being of children in separated or divorced families. A limited child support agreement is a legal agreement between parents to pay or receive child support that is less than the amount set by the state’s child support guidelines. This type of agreement is only valid if both parents agree to it and if it is in the child’s best interest.
A limited child support agreement can be made when parents agree to a specific amount of child support that is less than the state’s guidelines. This agreement can be made without the need for a court order. However, both parents must enter into the agreement voluntarily and with knowledge of the child support guidelines.
Typically, a limited child support agreement is made when the non-custodial parent earns a lower income than the custodial parent. The agreement saves the non-custodial parent from the burden of paying the full amount of child support set by the state. It also saves the custodial parent from receiving a lower amount of child support than what he or she requires to cover the child’s needs.
One important thing to note is that a limited child support agreement cannot be made if the child is receiving public assistance. In this case, the state has the right to collect the full amount of child support from the non-custodial parent, according to the state’s guidelines.
Another important aspect of a limited child support agreement is that it is not permanent. The agreement can be modified if there is a significant change in the financial or living situation of either parent or the child. This means that the parent paying child support may be required to pay more if his or her income increases or if the child’s needs change.
In summary, a limited child support agreement is a legal agreement between parents to pay or receive child support that is less than the amount set by the state’s child support guidelines. This type of agreement can only be made if both parents agree to it and if it is in the child’s best interest. It is not permanent and can be modified if there is a significant change in the financial or living situation of the parents or the child.
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