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You can think of the marital settlement agreement as the preliminary process required when getting divorced. On the other hand, a divorce decree legally mandates that you are divorced in the eyes of the law.
Under New York Child Support Laws, both parents must financially support their children until they docHub 21 years of age. The custodial parent spends a portion of their income on the kids directly, and the other sends payments to supplement those expenses.
A Separation Agreement is a document that two people in a marriage use to divide their assets and responsibilities while they are separated.
Change (modify) your child support order:  Either parents gross income has changed by 15% or more since the order was last established, modified, or adjusted. A reduction in your income cannot be by your own choice.
If you and your spouse decide to get divorced, and you can agree on issues such as property rights, spousal and child support obligations, and custody and visitation arrangements, then you may want to enter into a marital settlement agreement. Sometimes this agreement is called a stipulation of settlement.
Substantial change in circumstances if there have been substantial changes to the cost of raising a child or to a parents income, the court may modify the child support order to make it either higher or lower.
Some Of The Biggest Celebrity Child Support Settlement Kanye West and Kim KardashianWests net worth was valued at $1.8 billion in 2021, the same year he divorced Kim Kardashian and was ordered to pay her $200,000 per month in child support for their four children, who spend most of their time with Kardashian.