Child support, also known as child maintenance, is an ongoing, periodic payment made by the higher income parent to the lower income parent, or a third party such as a caregiver, guardian, or state, for the financial benefit of a child, after a divorce or relationship termination between the parents.
As part of a divorce settlement, divorcing couples have to split their assets. In Florida, the distribution of assets and liabilities is governed by the “equitable distribution” law, which refers to the way a divorcing couple divides their properties and debts.
How will a court distribute the parties’ assets and liabilities between them? Will the court just flip a coin? It may feel like it, but in in Florida the distribution of assets and liabilities is governed by “equitable distribution.”