Many people understand that a failure to pay child support runs the risk of wage garnishments, seizures of tax refunds, or even property liens to pay off the outstanding support. However, delinquent child support can harm your long term financial future in other ways. In fact, failing to pay Minnesota child support can be noted on your credit report and inflict great damage to your credit score.
If you were to receive a notice that the court was suspending your license due to an arrearage on your child support payments, then your first reaction might be panic. However, the situation might not be as dire as it seems at first. Minnesota law could provide a way to delay or prevent the suspension of your license and the placement of a lien on the equity you hold in your vehicle.
When parents choose to file for divorce in Minnesota, they must attend to a host of issues regarding the children involved in the marriage. One of the most important may be that of child custody and child support. States may adopt different models of calculating child support based on the parents’ income, time spent with the child and several other factors. Minnesota uses an income shares model of calculating child support, according to the National Conference of State Legislators. This is built off the belief that children should have the same financial support that they would have had if their parents would have stayed married.
Minnesota law is quite liberal when it comes to child support, even though it may not seem so at times. This is because, at the heart of the law, there is a desire for kids to have the economic support they need to develop into healthy members of society. However, the court also takes the needs of the parents into consideration.
You and your spouse have reached the end of your divorce and everything is being finalized from child support agreements to separation of shared assets. During this time, you may be given a requirement to pay so much money each month towards the expenses of your children. So, what do you do if you do not want to pay these payments? Are there punishments in Minnesota? The answer is yes. Your decision to be proactive about paying child support and consistently in paying on time will keep you from getting into legal trouble.
Many states, including Minnesota, are encouraging the idea of shared parenting. It is a different structure from the traditional custody arrangement where one parent has the kids most of the time with the other parent only getting visitations. Shared parenting allows parents to have more time in their children's lives and to parent together. However, such an arrangement may have an effect on child support.
If you pay child support in Minnesota, you understand it is your legal obligation to pay it as ordered by the court. However, many people fall behind in their payments. This often leads to a balance of back child support owed. When tax times rolls around, you may be surprised when your tax refund is much lower than you anticipated due to the IRS taking money to pay your back child support.
If you are new to getting or paying child support in Minnesota, you may wonder about how it works. While the court will set the details and you will go through the state to get or make payments, there is a lot of information out there about how it really works. This includes information on whether you are getting or paying a lot more than other people, how many deadbeat parents there really are and how much money the state is pocketing on every payment made.
Parents who do not have custody of their children and who live separately from them will typically be ordered by the Minnesota court to pay child support. If you are a parent paying support, you may be concerned about what happens if you lose your job. If you have no income, what happens to your child support obligation?
Are medical expenses part of child support?