We know how difficult a divorce can be on your personal life, but it can also have a long-lasting impact on your finances. At Ortega, McGlashan, Hicks & Perez, PLLC, we keep an eye on your financial future by helping you establish an effective child support plan that is fair under Texas or New Mexico law. Our personalized service and extensive knowledge of support guidelines allow us to find solutions designed with your future in mind. Whether you are paying child support or receiving payments, our El Paso divorce lawyers are fully equipped to take your case.
To learn more about child support and your rights and responsibilities, call (915) 206-5154. Your initial consultation is free and always confidential.
Texas Child Support Calculations
In most states, it is usually up to the court to decide on a support amount that is in the best interests of the child. In Texas, a consistent formula is used to calculate the amount. First, the family law court establishes the parent who will be making the payments after the net incomes of both parties are calculated during the divorce procedure.
Once the monthly net income is determined, the court applies the following formula:
- 1 child: 20% of payee’s net income
- 2 children: 25% of payee’s net income
- 3 children: 30% of payee’s net income
- 4 children: 35% of payee’s net income
- 5 children: 40% of payee’s net income
- 6+ children: No less than the amount for five children
New Mexico Child Support Calculations
In New Mexico, child support is calculated in a similar manner, but the state defines “gross income” as all sources of income, minus child support payments, alimony payments, or other qualifying expenses.
Child support is determined in New Mexico by:
- Calculating the combined gross income of both parents
- Determining the child support amount based off the New Mexico child support schedule
- Dividing the support based on the custody agreement and each parent’s ability to pay
There are complex issues to be resolved in calculating child support using the above method, making it all the more important to work with an attorney who can properly present your case.
Termination of Child Support
Child support plans are not indefinite, and upon the child’s 18th birthday, the obligor is no longer legally required to make payments. Payments are also no longer required should the child get married or begin active duty in the military before the age of 18, or if it is discovered later on that the obligor is not the biological parent of the child. Our firm looks at your situation and gathers the necessary evidence to help you terminate your payment plan.
Our El Paso child support attorneys also represent clients who wish to modify existing agreements that no longer reflect their lifestyles.
Find out more about child support and how we can help you take the appropriate steps to reach a fair agreement based off your financial situation. Call (915) 206-5154 today.