Topic: Divorce Finances | 2 post(s).
October 1, 2014 - How does the Child Support Standards Act (“CSSA”) work in mediation? First, you will need to discuss whether or not you are going to apply or opt out of the CSSA. To do that, you need to know what the child support figure would be if the statute were applied. Your mediator can explain the computation based upon the combined income of you and your spouse. What income figure should be used? If one of you is unemployed or underemployed by choice, or the incom [...]
September 16, 2014 - I remember when the Child Support Standards Act (“CSSA”) was adopted in New York in 1989. It was a radical departure from how child support had been determined in the past, and not all matrimonial attorneys welcomed it with open arms. There were many predictions of disastrous results, but the statute soon came to be accepted. How Does It Work? Combine both parents’ incomes up to the statutory “cap,” which in 2014 is $141,000. Apply the [...]