Child Support Facts on Equal Timesharing or Visitation
It is a very common misconception among the general public that an equal timesharing or visitation schedule between divorced parents means that there is no child support exchanged between parents. However, this is not the case.
In fact, most of the time one parent owes the other parent child support even when the parents spend an equal amount of time with the children. This is because the number of overnights the children spend with each respective parent is just one factor that is considered in the calculation of child support.
Other important factors include each parent’s income and other child-related expenses paid by each parent, including health insurance premiums, among other expenses. Waiving child support, which is technically disallowed in Florida, could significantly impact a parent’s financial future.
It is important to consult with an attorney specializing in marital and family law before signing any agreement regarding child support.