Most of us feel that children are the most important assets in our lives. They characterize our love, our future, and to many people our highest achievement. We want to protect them in all ways, and their happiness, health, and schooling are main concerns. So how can children assist us in make divorce decisions that relate specifically to them?
Listen to Your Children
Almost any teacher or psychologist will inform you that probably the most important things you are able to do with your child is to listen to them. Children can inform us what they want and wish, we just have to ask after which listen to their response. Even younger children can be capable of expressing their desires. Of course, the age of the child is a deciding factor as to how a lot input a child can provide in court. In California, most courts settle for age 14 because the age when a child can address the court (provided the court has decided it is within the child’s best interest), to precise their preferences concerning custody and visitation.
Make a Parenting Plan
Making a parenting plan is a good way to make selections relating to children. Parents work on the plan together and should need to embody their children, when and if appropriate. The plan should embrace Legal Custody, Physical Custody and Parenting Time (time-share or visitation); It ought to specify if legal and physical custody is joint (both parents share responsibilities) or sole (one mother or father has all responsibility). Making it on your own is nice in the event you can both agree on the problems, however if you can’t, an experienced mediator might help you resolve any disagreements about custody, child care and support, in an environment that supports love and a commitment to family.
Federal tax regulations are very clear when it involves child assist and taxes. For federal income tax functions, child assist is always tax-free. This implies that neither the custodial mother or father who receives child support payments, nor the child, owes any taxes on those payments. As for the non-custodial guardian who makes these child support payments, they are not categorized as tax-deductible. One very important consideration for custodial mother and father is to make certain that those monthly payments are specifically designated as “child help” in the ultimate divorce agreement, also known as marital separation agreement (MSA). Child help payments should be completely separated from spousal assist payments and not lumped together as “household assist”. This is a vital step to comply with for one main reason: while child help is tax-deductible, spousal support is considered earnings and taxable. The final agreement between parents needs to be very clear on identifying which payments are for child help and which ones are for spousal support, so that custodial dad and mom don’t experience pointless tax burdens.
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