What is the binding child support agreement?
It is a written agreement settled between the carers and the parents. The deal is related to payments for child support. The parents must sign it. However, it can only be implemented after a bit of legal advice. To enforce a binding child support agreement, the parents should fix a certain amount. Subsequently, this amount will be paid to the child support systems.
Additionally, a child support agreement refers to the payment agreed upon by both or one parent to the other. This cost is meant to cover the expenses of the child. After separation and formal agreement, the parents can legally enforce a certain amount. There are namely two types of contracts related to child support. They are binding agreements and limited agreements.
How to come up with a child support agreement?
If you and your spouse have decided upon ways to support your child financially, you can develop a child support agreement that can be enforced legally. These agreements are responsible for ensuring the child is receiving on-time aid from his parents.
- Limited child support agreement
It is a written child support agreement reached upon by both parents. It consists of the frequency and amount of money that will be paid by the parents. Plus, it includes several methods of child support payments.
However, you should consult a family lawyer on the central coast before entering into a limited agreement.
For making a limited agreement, the two criteria should be fulfilled:
- Makes sure there is a presence of an administrative assessment
- The money paid under this agreement can be more than or equal to the assessment
A binding child support agreement is slightly different than a limited agreement. Here, the agreement can be accepted and made even if there’s no child support assessment. It can be agreed upon for any amount the parents are likely to come with. It can be equal to or less than the child support rate. Besides, it can be more than the rate payable under the administrative assessment.
For implementing a binding agreement, the following conditions must be followed:
- The parents should consult a family law solicitor on the central coast to get legal advice in this regard. They can learn about the disadvantages and advantages of deciding upon this agreement.
- The lawyer of the parents should sign a specific certificate. Thus, this certificate should state that the lawyer has rendered the legal advice.
- The agreement should come with an attached lawyer’s certificate.
Besides, you can end this agreement by following the steps listed below:
- A writing document submitted by the parents
- By coming up with a different binding agreement
- As per the court order
Before closing a binding child support agreement, you should get legal advice from family lawyers on the central coast.
On the other hand, divorce is looked upon as a societal evil. A divorce lawyer on the central coast can settle your marriage and alimony disputes.
