What is income for purposes of determining child support?
In any divorce involving children, one necessary issue that must be resolved is the calculation of child support. There are a number of factors that go into the calculation of child support in Colorado including the number of overnights each parent has with the children, any applicable credits for payment of health insurance or child care, and each party’s gross monthly income. There are other items which may change the ultimate child support amount, but the primary question people have pertains to the income portion of the calculation.
FINANCIAL DISCLOSURES
Arguably the most intimidating step in a divorce or custody case is the exchange of financial disclosures. With decades of experience in divorce and custody cases, almost every single client we have has been intimidated or overwhelmed by this process. It is our goal to walk our clients through it with clarity and ease, because while it is a substantial task it should not be a confusion one.