When establishing child support, usually the parent with a higher income will become the obligor (payor) and the parent with the lower income will become the obligee (receiver).
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.”