When it comes to child support, having a written agreement can provide both parents with peace of mind. A written agreement lays out clear expectations and obligations, and helps prevent misunderstandings or disputes down the line.
Here is an example of a written agreement for child support:
Agreement for Child Support
This agreement is made on [date] between [Parent 1] and [Parent 2] regarding child support obligations for their child(ren), [child`s name(s)].
1. Child Support Obligations
a. [Parent 1] agrees to pay [amount] per month in child support to [Parent 2] for the support of [child`s name(s)], beginning on [date]. This amount will be reviewed annually and may be adjusted at that time.
b. [Parent 2] agrees to use the child support payments for the benefit of [child`s name(s)] and to provide a detailed accounting of how the funds are used if requested.
c. Both parties agree to comply with any applicable laws and regulations regarding child support.
2. Additional Expenses
a. In addition to child support payments, both parties will be responsible for paying their share of any additional expenses related to the care of [child`s name(s)], such as medical expenses, educational expenses, and extracurricular activities.
b. [Parent 1] agrees to pay [percentage]% of any additional expenses, and [Parent 2] agrees to pay [percentage]% of any additional expenses.
3. Termination or Modification of Agreement
a. This agreement will terminate when [child`s name(s)] reach the age of majority or become emancipated, unless otherwise agreed upon in writing.
b. Either party may seek a modification of this agreement if there is a significant change in circumstances, such as a change in income or a change in the custody arrangement.
c. Any modification of this agreement must be in writing and signed by both parties.
4. Legal Representation
a. Both parties acknowledge that they have had the opportunity to consult with an attorney regarding this agreement.
b. Both parties agree to cooperate with each other and their attorneys in any legal proceedings related to child support.
By signing below, both parties acknowledge that they have read and understand this agreement and agree to abide by its terms.
[Parent 1 Signature] [Date]
[Parent 2 Signature] [Date]
In summary, a written agreement for child support can provide both parents with a clear understanding of their obligations and prevent disputes. This example agreement can be modified to fit the specific needs of the parents and their children, and should be reviewed by an attorney before being signed.