Despite statistics showing major shifts in family trends over at least the last ten years that depict women as breadwinners and a slight uptick in stay at home dads and parenting schedules that are approximately equal, the child support statutes, known collectively as KRS 403.210 et seq., have changed only slightly over the last few decades. The child support guidelines, which provide an assumed amount of support an obligor should pay based on an income shares model, remain static.
Dealing with divorces involving high net worth individuals are complicated by the sophisticated financials. Elaborate investment portfolios, business income and other factors require the attorneys to sometimes involve experts to truly determine the actual income a person generates, which is used in child support and other calculations.
As an experienced, Louisville divorce attorney and mediator, I understand divorce can be an extremely emotional process for one or both of individuals in a marriage. When issues such as infidelity are involved, the betrayal, pain and anger can cause the aggrieved spouse to want to use the court system as a way of getting revenge. I often hear the question, “Does fault impact support I might win?”
Divorce cases understandably involve perspectives from two different sides of the situation. In an effort to reach a fair and equitable dissolution of the marriage, especially when it comes to matters involving children, the court may require third-party evaluations. The cost of the evaluations is the responsibility of the individuals, not the court.
Kentucky has adopted the Uniform Child Support Act. This is a published series of guidelines meant to establish a foundation for calculations. It’s extremely useful in determining child support levels.