Minnesota Sample Letter for Property Settlement and Child Support Agreement
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How to fill out Sample Letter For Property Settlement And Child Support Agreement?
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FAQ
Second, the minimum basic support amounts were changed so that now, minimum amounts start at $50 for one child, with $10 increases for each additional child up to six children. In the case that a non-primary custodian has over six children, the judge will exercise discretion in setting a minimum basic support amount.
The law does not allow parties to waive child support entirely because child support is a non-bargainable right of children. Parents sometimes agree to ?reserve? child support, meaning that no child support will be paid at the time.
MN law uses a method of calculating child support called "Income Shares." The law has child support guidelines that use both parents' gross incomes, the number of children, and the cost of raising a child at various income levels. See Minn. Stat. § 518A.
How Does Shared Custody Affect Child Support? People often think that the parent who has physical custody will receive child support but in Minnesota child support is not affected by custody; instead, the amount of court-ordered parenting time (visitation) is considered in calculating child support.
If Bob and Alice each earn $2,300 a month, then they each have 50% of the income. If Bob earns $3,450 and Alice earns $1,150, then Bob has 75% of the income and Alice has 25%. The basic child support number is $600 per month (50% of $1,200) if both parties earn $2,300 (no matter who has primary custody).
Basic child support is calculated based on the combined gross income of both parents and is allocated based on each parent's proportionate share of the combined parental income for child support. Minn. Stat. § 518A.
Today, the limits for child support are set forth in Chapter 518A. 35 of the MN Statutes. In 2020, only the first $15,000 of combined monthly parental income is used to determine the basic support amount.
