Child support is important to the well-being of a child. As a result, child support payments are taken very seriously in New Jersey. But, these expenses can be difficult to keep up with. You may be wondering if/when you can terminate your child support agreement. Read on to learn more about terminating child support in New Jersey.
In New Jersey, both parents have a legal obligation to support their child financially. In order to determine who pays child support and how much will be paid, a court will examine the following factors:
● The financial status of each parent
● Who has physical custody of the child
● Any income, debt, and assets of each parent
● Each parent’s earning capacity
● Each parent’s work history
● The child’s needs
● The child’s age/health
● The child’s education
● The cost of providing for the child
As stated previously, child support is taken very seriously in New Jersey. As a result, it can be difficult to terminate payments. But, there are a number of reasons to stop paying child support. It is important to note that you cannot stop paying child support until it is officially stated by a New Jersey court. Some of the reasons to terminate child support include:
● The cost of living of the supporting parent has increased and they can no longer afford to pay child support
● The dependent parent recently remarried or has entered into a cohabiting relationship with another person and no longer needs child support
● The supporting parent suffered a serious injury or illness that requires medical assistance and they are left with few funds to take care of their child
● The federal income tax laws have changed and the dependent parent cannot keep up
● The income of the supporting parent has decreased or they have become unemployed
● The dependent parent’s income has increased or they went from being unemployed to attaining a job and income
Often, child support payments continue until the child reaches the age of emancipation. In New Jersey, this age is generally 19-years-old. That being said, there are a number of reasons why child support payments may continue past this age. For example, if a child intends to pursue higher education, child support payments may be extended.
If you have any questions or concerns regarding child support payments in New Jersey, contact our firm today.
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