I had a one night stand and it resulted in an unplanned pregnancy. I'm meeting with a lawyer next week. I'd like to settle my financial obligation to the child with a lump sum payment based on my expected income and extras (daycare, etc).
I'm not seeking any parental rights.
My question: when I'm calculating my lump sum payment, am I doing an 18 year calculation, or one that includes university? (Up to 22 years?). If the latter, what are the extras that are calculated for university? Tuition, books, residence?). I'm flummoxed.
I know lump sum payments are generally not recommended but I think it would be agony dealing with issues/payments on a month to month basis for the next 18-22 years. I think even with risk, for my own mental health, lump sum is the way to go.
Has anyone on here done that or entertained the idea and decided not to?
I'm not seeking any parental rights.
My question: when I'm calculating my lump sum payment, am I doing an 18 year calculation, or one that includes university? (Up to 22 years?). If the latter, what are the extras that are calculated for university? Tuition, books, residence?). I'm flummoxed.
I know lump sum payments are generally not recommended but I think it would be agony dealing with issues/payments on a month to month basis for the next 18-22 years. I think even with risk, for my own mental health, lump sum is the way to go.
Has anyone on here done that or entertained the idea and decided not to?
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