St. Charles High Income Child Support Lawyers
Experienced Child Support Issues Lawyers Representing Clients in Kane County
There are numerous factors involved in determining child support obligations in divorce and child custody cases. Most of the time, the income earned by both parents is considered, and in some cases, each parent's amount of parenting time with their children may also affect their child support obligations. Illinois law provides formulas that are used to determine child support payments, and these calculations will be used in most cases. However, in situations where parents earn high incomes, such as a high net worth divorce, a family court judge may choose to deviate from the guidelines when determining an appropriate amount of child support to be paid.
At the Kane County family law firm of Goostree Law Group, we are experienced in handling child support cases involving high income parents. We have represented both sides in these matters, and we fight to protect our clients' interests as well as the interests of their children. If you or your spouse earn a high income, or if there are other financial factors that may affect child support calculations, we can help you make sure Illinois law will be applied correctly in your case.
Cases Where the Child Support Guidelines in Illinois May Not Be Appropriate
The function of child support is to make sure a child's basic needs are met and that the child's standard of living does not substantially decline following a divorce. Under the guidelines provided in Illinois law, both parents' incomes are taken into consideration when determining the amount of child support payments, and each parent's amount of parenting time and responsibility may also be factored into the calculations. The goal of these guidelines is to provide for the child's best interests. Ideally, a child of divorced or separated parents will receive the same level of financial support they would have received if the parents had remained together.
When one or both parents earn a high income, it may not make sense to follow the specific guidelines outlined in Illinois law, or it may be difficult to determine the total amount of income a parent receives from sources such as wages, bonuses, investments, business interests, and other complex financial arrangements. Depending on the specific facts of the case, a judge may begin by using the law's guidelines, but adjustments may be made based on the financial resources available to both parents, the needs of the child, and any other relevant factors that could potentially affect the child's best interests. In cases in which parents have a high net worth, additional expenses may also need to be addressed in child support orders, such as the costs of live-in nannies or other childcare services, private school tuition, fees and expenses related to extracurricular activities, and medical bills or other costs related to children's medical treatment.
Child support obligations in situations involving high-income parents may be decided on a case-by-case basis, and the court will consider the totality of the situation and the best interests of the child. While the final outcome of a case may not necessarily follow the state's child support guidelines, they will be based on what the judge believes is necessary and appropriate to provide for a child's ongoing needs.
Contact Our St. Charles High Income Child Support Lawyers
If you or your spouse earns a significant income, and you need to ensure that child support will be handled correctly during your divorce or child custody case, contact us at 630-584-4800 to schedule a free consultation. We will look at the circumstances of your dispute, answer your questions, and provide our experienced assessment of what you can expect from child support proceedings. We can ensure that all relevant financial factors will be considered and that you will be able to provide for your child's needs while avoiding financial difficulties as much as possible. We work with clients throughout Northern Illinois, including Kane County and the surrounding areas.