Limited Child Support Agreement
A Limited Child Support Agreement is an agreement as to how each party pays and receives child support, typically limited to a maximum term of 3 years.
A Limited Child Support Agreement is an agreement as to how each party pays and receives child support, typically limited to a maximum term of 3 years.
Parties may make a limited child support agreement between themselves without obtaining legal advice. However, this agreement must be for a period of 3 years or less at which time either party may terminate the agreement by providing notice in writing to the other party.
The contents of a limited child support agreement are typically agreed upon in principal informally by both parties after receiving an assessment from the child support agency.
Creation of these agreements are typically part of the separation process, along with other agreements such as property settlement and parenting agreements.
A common misconception is that a limited child support agreement means paying less child support overall, or taking on less responsibility – which is not the case. The word ‘limited actually’ refers to:
Considering the limitations, parties often benefit more from creating a binding child support agreement, which can be applied over a longer period and gives you more scope for payment amounts and terms – i.e. period payments or lump sums.