Limited Vs Binding Child Support Agreement

Limited vs Binding Child Support Agreement: What You Need to Know

When it comes to child support agreements, there are two main types: limited and binding. Each serves a specific purpose, but understanding the differences between the two is crucial.

What is a Limited Child Support Agreement?

A limited child support agreement is a type of agreement where both parties involved (usually the parents) come to an agreement on a certain amount of child support to be paid. Typically, this is done without the involvement of the family court or a child support agency.

This type of agreement is a good option for parents who have a good relationship and are able to communicate effectively. It is also ideal for situations where the parents have agreed to a specific arrangement that works best for their child.

However, one drawback of a limited child support agreement is that it can be difficult to enforce. If one parent fails to pay the agreed-upon amount, there may not be any legal recourse for the other parent.

What is a Binding Child Support Agreement?

A binding child support agreement, on the other hand, is a legal agreement that is made between the parents and approved by the family court or a child support agency. This type of agreement is legally binding and enforceable, meaning that if one parent fails to pay the agreed-upon amount, the other parent can take legal action.

Binding child support agreements can be made for a specific period of time or until the child reaches a certain age. They also allow for more flexibility in terms of the arrangements that are agreed upon.

One thing to note about binding child support agreements is that they are difficult to change once they have been approved by the court or agency. This means that if there is a significant change in the financial situation of one or both parents, it may be difficult to modify the agreement.

Which Option is Best for You?

The decision of whether to pursue a limited or binding child support agreement will depend on your specific situation. If you have a good relationship with the other parent and are able to communicate effectively, a limited child support agreement may be a good option.

However, if you want the added protection and legal enforceability of a binding child support agreement, it may be worth pursuing.

No matter which option you choose, it’s important to consult with a family law attorney who can guide you through the process and ensure that your child’s best interests are being considered.