Whether you recently ended your marriage as a parent with a high net worth or you are getting ready for a high-asset divorce and you have children, it is crucial to take a careful look at child support. If you worry about supporting your children as a custodial parent or you expect to have costly child support obligations, financial issues such as child support could become even more challenging due to your divorce involving significant assets.
When it comes to child support, you need to have a thorough understanding of factors that affect the amount you owe and the different ways you can make payments.
Child support payment methods in Ohio
Although many parents have child support withheld by their employers, this is not an option for some people with a high net worth. For example, if you are self-employed, you could have to find another way to fulfill these obligations, and reviewing your payment options can make it easier to stay current. The Franklin County Board of Commissioners goes over different ways you can pay child support, such as paying in person, over the phone or via mail.
You can also pay child support online using a savings account, checking account, credit card or e-wallet account.
Other child support payment considerations
Depending on the child support payment method you choose, it can take up to seven business days for the state to process your payment. Make sure you pay in advance to avoid falling behind. In addition, if your financial circumstances change and you have difficulty paying child support, you should review the possibility of modifying your support order.