When a divorce is taking place and there are children involved, child support is one of the major issues that will be addressed. In the past, income has been the primary consideration when calculating child support. However, on July 1, 2017, a massive change for calculating child support has taken effect. Last year, Public Act 99-764 was enacted. The Legislation amended the Illinois Marriage and Dissolution of Marriage Act to replace the guideline formula with the income shares model for calculating child support. This significant change brings Illinois in line with thirty-nine (39) other States and the District of Columbia, which already use the new income shares model. (See 750 ILCS 5/505(a)(1)(D)).
Read more about the changes to child support calculation by downloading the PDF below, written by Lindsay B. Coleman of Coleman Law, PC.
I will make sure you understand how child support is currently calculated and craft a plan that is in the best interest of your children and your finances.