Video Summary:

Child support is calculated based on a state-mandated formula that determines how much money is needed each month to raise a child. The process involves combining both parents' incomes, factoring in childcare costs, health insurance, private school tuition, and special needs expenses, and then applying an algorithm to determine the appropriate amount. While the initial calculation provides a fixed child support number, parents may negotiate adjustments by agreeing to cover additional expenses like out-of-pocket medical costs. Courts allow for reasonable modifications, but changes must be justified based on the child’s needs and financial fairness.

Video Transcript:

When we talk about child support, we are discussing the monthly financial requirements needed to raise a child. The state determines this amount using a standardized formula.

To calculate child support, we start by combining both parents’ incomes and then inputting those figures into a state-approved formula. This formula considers various factors, including:

• Each parent's income

• Childcare costs

• Health insurance expenses

• Private school tuition (if applicable)

• Special needs education

Once all relevant financial details are entered into the system, the formula generates a base child support obligation. However, parents may have some flexibility in negotiating how support is allocated. For example, one parent may choose to cover additional expenses, such as out-of-pocket medical costs, in exchange for modifying the overall support amount.

While child support follows a structured formula, courts allow reasonable adjustments when both parties agree and can demonstrate that the changes serve the child’s best interests.