answersLogoWhite

0


Best Answer

Yes

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can child support be taken out of a trust account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Movies & Television

Can the guardian of a child stop child support?

No. The guardian of a minor child cannot "relieve" the parent of their child support obligation. That power is reserved for the courts. If the guardian doesn't need it to help support the child then it should be deposited into a trust with the child as the sole beneficiary at college time.


What is a possible way to address the problems of a custodial or primary residential parent not using all the obligated child support for the benefit of the child or children?

When Child Support is calculated, they add together the incomes of both parents. From this total the child support amount is taken from the guidelines. Added to this is the cost day care, medical insurance, etc. At this point the income of each parent is divided by the total income of both. This shows what percentage a parent's income is of the total.Example taken from actual case:$30,000 Mother$86,000 Father$106,000 Total$86,000 / $106,000 = 81%In this example, the father (obligor) owes 81% of the total obligation or roughly $21,600 a year (based on average percentage) in support of one child, but the mother (obligee) is also obligated to spend $7500 a year on the child, for a total of $29,100, or $2425 a month.The problem is in over 90% of the cases, only the Obligor is required to prove the payment of the child support. When either parent's income increases, their obligation increases, but the child only clearly benefits from the increase of the obligor's income. The obligee is under no requirement to spend more on the child.By having both parents paying into a trust fund, the custodial parent than provides the fund with proof that the money is being spent on the child, such as a percentage of rent, utilities, food, etc. Also, the cost of necessities, such as clothing, shoes, and other expenses exclusive to the child, with receipts and clothing tags or proof of purchase cut from the package. All this follows in accordance with Federal Laws dating back 100 years as regards Trust Funds that have been established for Guardians to draw from when parents have been killed, such as in an accident. Also in cases involving child stars (The Coogan Act-1939) where the law is designed to prevent their parents from spending the money for their own uses.Any money left in the account would than collect interest and be available for emergencies, or special expenses, such as part of the cost of a car for a teenager, or a college education.Using this method would mean the child is getting full advantage of the support owed by both the parents, and not just one parent.


Do you have to pay child support if you give your children up for adoption?

Yes. What matters is here and now and if a baby is here that baby has rights to be supported by his parents. There are condoms if you don't want to be a parent. No amount of "talking" will prevent pregnancy. You must take action to prevent it.


Can your sons father get in trouble for not paying childsupport?

No. However in most cases a child support order can be filed once paternity has been established and said order will become retroactive once the minor reaches the state's legal age of majority.


How do you make a child feel secure and safe in school how do you gain there trust to talk to you?

Make the child feel welcome in school. Make them feel safe by telling them that you will keep them safe. Then you will gain their trust and they will start talking to you.

Related questions

What if child taken out of country and you pay child support?

The obligor continues to owe support regardless of where the child is in this world. But, you should file a motion for interference with custody, as well as a motion to place child support into a trust fund. see link below


Can child support be put aside in a trust fund while father is stuggling to pay to ex wife?

The child support must be paid over as ordered in the child support order. The obligor cannot decide to pay it into a trust without a court order.The child support must be paid over as ordered in the child support order. The obligor cannot decide to pay it into a trust without a court order.The child support must be paid over as ordered in the child support order. The obligor cannot decide to pay it into a trust without a court order.The child support must be paid over as ordered in the child support order. The obligor cannot decide to pay it into a trust without a court order.


Which countries have a government child trust fund?

The only country currently offering a government child trust fund is the United Kingdom. The child trust fund is a long term savings or investment account for children.


Can the guardian of a child stop child support?

No. The guardian of a minor child cannot "relieve" the parent of their child support obligation. That power is reserved for the courts. If the guardian doesn't need it to help support the child then it should be deposited into a trust with the child as the sole beneficiary at college time.


What if the custodial parent does not contribute their portion of the child support?

use a trust fundsee link


*TRUST**WALET Support Num-ber **+1-**818-**869-**2884. Toll Free number. Speak directly to our support team to get resolution about your account, crypto purchases, or payments. Trust wallet customer support **+1-**818-**869-**2884?

crypto Trust**wallet customer service Support Number +**1-**818-869-**2884 *TRUST**WALET Support Num-ber **+1-**818-**869-**2884. Toll Free number. Speak directly to our support team to get resolution about your account, crypto purchases, or payments. Trust wallet customer support **+1-**818-**869-**2884.


How do you delete survey monkey account?

SurveyMonkey.com does not have a delete account option. I was forced to contact the support email but still have little trust in them honoring the removal.


What is a trust banking account?

What is an in trust for (ITF) account?


What happens if a custodian on a trust account takes money our of the account without knowledge or approval of beneficary Mother took money out of daughter's account and will not go to the bank to transfer funds into child's account.?

Nothing will happen.


What are child trust fund accounts used for?

Child trust fund accounts are used for parents looking for a long-term savings and investment account to use in your child's future. It is typically used by parents looking to save money over a period of time to afford to send their child to college.


How does a child trust fund work?

A child trust fund is a kind of long term savings or investment account in the UK. It was designed by the UK government to both teach children the value of saving and try to get each child to have some savings when they reach age 18.


What is the difference between a trust and a checking account?

a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.