As divorces become more common, so do child support disputes between parents. This is true for all income levels. Even if both parents agree that the child support agreement should be fair, they may disagree as to what exactly "fair" means. However, it is important for both parents to realize that the main issue is making sure the children are adequately taken care of financially. Many Michigan readers may be able to relate to the following news story, even if they are not professional athletes.
Steve Nash, the star point guard for The Lakers, an NBA basketball team, has recently scored a victory, not on the basketball court, but, rather, in the courtroom. A judge agreed with his argument that he should not have to pay child support to his three children as his ex-wife has requested. While this may sound harsh at first, the reasoning is that his ex-wife was awarded $5 million as part of their divorce settlement. She also makes $30,000 a month. In addition, Nash argued that he already contributes to his children's financial needs because he pays for 90% of their health care costs, as well as all of their extracurricular activities. As for the children's nanny, he pays for 82% of her salary. Nash's ex-wife is not satisfied with the decision, and says she plans to file an appeal.
As this story demonstrates, child support can be a very contentious issue between divorced parents. However, it is important for the parents to keep the best interests of the children in mind. Child support not only covers the children's basic needs, such as a home, food and clothes, but it also covers other no-so-obvious expenses, like their costs of education, their medical needs and even extracurricular activities. It is in the best interests of the children to ensure that both their developmental as well as social needs are met.
Source: International Business Times, "Steve Nash Child Support Battle: Lakers Guard In Financial Duel With Ex-Wife," Anthony Riccobono, May 1, 2013.