Welcome to another episode of the Divorce Collective podcast with your host, Dannielle Young from Collective Family Law Group. Today, we're breaking down child support - a key element of family law that ensures parents contribute financially to their children's upbringing. Governed by the Child Support Assessment Act of 1989, options for managing child support include assessments by the Department of Human Services or through private agreements.

Calculating Child Support:

Understanding how child support is calculated is crucial. The Child Support Agency’s formula considers parents' incomes, children's ages, and the caregiving arrangements, among other factors. Their online calculator is a useful tool for estimating payments.

Options for Child Support:

• No Formal Arrangement: Opting out of child support.

• Informal Agreement: Based on mutual understanding.

• Limited Agreement: Requires an assessment but allows extra terms.

• Binding Agreement: A more permanent solution, necessitating legal advice.

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Limited vs Binding Agreements:

Limited agreements offer flexibility, while binding agreements are more fixed but ensure a commitment that is hard to modify without legal intervention.

The Importance of Legal Advice:

For both types of agreements, especially binding ones, legal advice is crucial to navigate the complexities and ensure the agreement benefits everyone involved.

How We Can Help:

At Collective Family Law Group, our Gold Coast family law solicitors are experts in child support, ready to guide you through selecting the best option for your family. We're here to provide tailored advice and support.

Contact Us:

For more insights or to discuss your child support options, reach out to Collective Family Law Group. Book a free 45-minute initial appointment to get started on finding clarity and direction in these challenging times.

CONNECT WITH COLLECTIVE FAMILY LAW:

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Visit our website at collectivefamilylaw.com.au or call us on (07) 5574 0971 to book your appointment and learn more about how we can assist you.