Profile
Disclosure

The information and resources provided on www.part-wise.com do not and are not intended to constitute legal or other professional advice.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Email Address
You need this email to log into your account.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Password
Must be at least 8-characters long.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Billing & Payments

We partner with Stripe to secure your payment data. Please use the button below to update payment info, cancel, or download past invoices.

Access Secure Portal
Log out
Secured by Memberstack

Locked Content

We're excited you're exploring! Unfortunately, this content is not included in the early preview. Any links with a "lock" icon will not be able to be viewed.

Return to Preview
Crunching the numbersby Firmbee.com
Cash Flow

Combination of Support Types

Integration of support types, like spousal support, child support and direct payment of expenses, can provide for unique agreements tailored to your specific circumstances.

Play Module Video

Learn more in the Full Resource

Module Notes

Integration of support models involves coordinating various support obligations to ensure consistency and effectiveness.

Here are examples of the integration of different support models:
  • A $2,500 monthly spousal support payment is reduced to $1,000 monthly, if the payor also agrees to pay the recipient’s $1,500 mortgage.
  • If Spouse A needs $4,000 monthly to meet budget, without children, the spousal support could be $4,000 assuming Spouse B can afford it.
  • If Spouse B needs $4,000 monthly to meet budget, with children, the spousal support could be reduced to $2,500 if child support is $1,500, assuming Spouse B can afford it.
  • If both spouses are self-supporting, then the only support option to consider are child support and direct payment of children’s expenses.
  • If Spouse B needs $2,000 monthly to meet budget but agrees to fund a children’s joint checking account with $500 a month, her need for child support and/or spousal support increases to $2,500.

Integration of support models allows for customization and flexibility, enabling parties to negotiate terms that reflect their specific financial situation, earning capacity, and parenting arrangements.  

Parties may have the flexibility to modify support arrangements over time, such as adjusting child support payments based on changes in income/expenses or renegotiating spousal support terms if circumstances warrant a modification.

Some jurisdictions allow for a combined payment called “family support” or simply “support.”  

Clear and transparent language is essential in divorce agreements to avoid misunderstandings or disputes regarding support obligations.

Next Module

Lump Sum/Buyout of Support Payments

Learn the pros and cons of making a lump sum buyout of support.

Was this module helpful?

We're always try to improve the resources we provide. Let us know how we're doing:

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.