Child support in Florida typically covers a child’s basic needs, but in high-income cases, courts may order additional support. This is known as “good fortune” child support. It ensures that a child benefits from a parent’s wealth beyond essential expenses. Understanding how it works can help parents prepare for financial obligations.
How Florida courts determine ‘good fortune’ child support
Florida courts consider a parent’s income when setting child support. If a parent earns significantly more than the standard guidelines cover, a judge may order additional support. The goal is to maintain a lifestyle comparable to what the child would experience if the parents lived together. Courts assess factors such as the child’s needs, the parent’s wealth, and the standard of living before approving higher payments.
What expenses can ‘good fortune’ child support cover?
Unlike basic child support, which covers food, shelter, and medical care, ‘good fortune’ child support may extend to luxury expenses. This could include private school tuition, extracurricular activities, vacations, or trust funds. Courts ensure that the additional support directly benefits the child rather than serving as extra income for the other parent.
Can child support payments be adjusted over time?
Yes, child support payments, including ‘good fortune’ support, can be modified if circumstances change. A substantial increase or decrease in a parent’s income may justify a modification. Courts may also adjust support if the child’s needs evolve, such as increased education or medical expenses. Parents can request a review to determine if a modification is necessary.
How does ‘good fortune’ child support impact both parents?
For high-earning parents, this support ensures their child enjoys financial security. For the receiving parent, it provides resources to maintain a consistent lifestyle for the child. Courts balance the best interests of the child with the financial capabilities of the paying parent to create a fair arrangement.