How will changes in my financial situation affect child support payments?

Changes in financial situations can have a direct impact on child support payments in New Hampshire. Both the parent receiving and paying the support have the opportunity to make requests for modification of the payments. If the parent who is paying the support experiences a decrease in income, then they can file a petition in court to reduce child support payments. When the court reviews the petition, they may take into account other factors such as the custodial parent’s income and the amount of time that the noncustodial parent has with the children. If the parent who is receiving the support experiences an increase in income, then they can file a petition to increase the child support payments. When making a petition for an increase, the court may consider the number of children, the ages of the children, and any special needs the children may have. It’s important to note that both parents must provide financial documents to the court to prove the changes in their financial situations. Overall, changes in financial situations can have an impact on child support payments. It is important to understand that both parents have the opportunity to file a petition to modify the payments. It’s also important to remember that the court will take into account various factors, such as the custodial parent’s income and the amount of time that each parent has with the children.

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How will changes in my financial situation affect child support payments?

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