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Noncustodial parent pays sizeable amount in child support

Parents in Pennsylvania who are primary custodians often struggle financially without a monthly child support payment from their ex. The amount of child support is determined differently in each state, using a variety of factors. One businessman is expected to pay more support each month than many people make in a year.

The very wealthy business tycoon has a net worth of approximately $1 billion and a monthly income of nearly $2.5 million. He and his ex-wife were only married two years when they realized it was not working out and she filed for divorce on the grounds of irreconcilable differences. They had two children during their marriage, and she was awarded primary custody.

Along with the prenuptial agreement provision for the ex-wife to get alimony payments of over $40,000 each month for the remainder of the year, she receives a monthly sum of $83,000 in child support. The father is also expected to pay the additional fees for the tuition for the children’s private school and any activities in which they choose to participate. The company over which he presides had bought Michael Jackson’s Neverland Ranch before Jackson’s death, but the property was not under consideration in the final division of the couple’s assets.

As most people do not have the anywhere near the amount of available capital as this father, it can sometimes be difficult for the custodial parent to get a consistent payment from an ex.  If an agreement between the parents cannot be set, the court will establish a recurring amount. Because there is an abundance of information about child support, finding an attorney who knows the Pennsylvania laws can ensure all needed information is available to the court before it rules.

Source: theblast.com, “Donald Trump’s Buddy Tom Barack Paying $80,000 In Child Support“, Mike Walters and Gary Trock, March 20, 2018

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