Children require the basic essentials and both parents are obligated to support their children following a divorce, even if one pays the other child support. Illinois follows guidelines in determining each parent’s obligations toward supporting each child. But have you ever wondered why your child support payments were set so high or so low? Illinois uses an Income Shares model to determine who will pay the child support payments and how much the obligor is legally required to pay. Consulting an attorney can help you better understand the financial implications of child support and help you establish a schedule to ensure every payment is made on time.
How Does The Income Shares Model Work?
An Income Shares model helps estimate what the income of a household would look like if the parents were still living together. It does this by: