When it comes to child support, there may be certain circumstances where parents would prefer to establish a private child support agreement rather than go through the court system. This can be a good option for parents who want more control over the terms of the agreement and want to avoid the costs and delays that can come with going to court.
Here are some steps to follow when setting up a private child support agreement:
1. Determine the amount of child support: In order to determine how much child support is appropriate, parents can use guidelines set by the state or work with a mediator or attorney to come up with a fair amount.
2. Agree on payment terms: Once the amount of child support has been determined, parents need to agree on how payments will be made. Will it be a lump sum payment or spread out over regular intervals? Will payments be made directly to one parent or through a third party?
3. Establish a schedule for payments: A schedule for payments should be established so that both parents know when to expect them. This can be a weekly, bi-weekly, or monthly payment schedule.
4. Include provisions for modifying the agreement: Life circumstances can change and it may be necessary to modify the child support agreement in the future. Both parents should agree on the circumstances under which the agreement can be modified and the process for doing so.
5. Put the agreement in writing: It is important to have the child support agreement in writing to avoid any confusion or misunderstandings in the future. The agreement should be signed and dated by both parents.
6. Consider consulting with an attorney: While it is possible to set up a private child support agreement without an attorney, it can be helpful to consult with one to ensure that the agreement is fair and legally binding.
Overall, setting up a private child support agreement can be a good option for parents who want more control over the terms of the agreement and want to avoid the costs and delays that can come with going to court. By following these steps and working together, parents can establish a fair and workable child support agreement that meets the needs of their family.