S7 University Expenses beyond Tuition, Books, Fees
Even more so, if your annual income has changed and youre providing updates, your cs and s7 percentage would change. Plus if your ex wife is purposely underemployed, she runs the risk of being imputed for s7.
Being noble and paying more isnt fair to anyone especially if the kids are having to pick the slack for mom while shes bringing in a higher cs payment they dont see.
You need to have a frank chat with your ex and get the amounts updated. Especially if theyre not right. You are better able to help your kids in the long run if you update, are able to sock a bit away and then give them money in the future. And if your ex threatens court, let her know you will seek an imputed income and costs.
Look at it this way, if your updated cs allows you to put $500 away per month, leaving you about $4000 per year, then you end up socking away $12000 by the end of their university, if one or both kids wants to take a post grad at college to get a job (lets be realistic, university doesnt always equal a job) then youve got money you could provide for that even though its probably in your agreement for one degree.
Even more so, if your annual income has changed and youre providing updates, your cs and s7 percentage would change. Plus if your ex wife is purposely underemployed, she runs the risk of being imputed for s7.
Being noble and paying more isnt fair to anyone especially if the kids are having to pick the slack for mom while shes bringing in a higher cs payment they dont see.
You need to have a frank chat with your ex and get the amounts updated. Especially if theyre not right. You are better able to help your kids in the long run if you update, are able to sock a bit away and then give them money in the future. And if your ex threatens court, let her know you will seek an imputed income and costs.
Look at it this way, if your updated cs allows you to put $500 away per month, leaving you about $4000 per year, then you end up socking away $12000 by the end of their university, if one or both kids wants to take a post grad at college to get a job (lets be realistic, university doesnt always equal a job) then youve got money you could provide for that even though its probably in your agreement for one degree.
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