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Often the obligor is a non-custodial parent. The obligee is typically a custodial parent, a caregiver, or a guardian. Depending on the jurisdiction, a custodial parent may pay child support to a non-custodial parent.
Typically the obligor is a non-custodial parent. [citation needed] Typically the obligee is a custodial parent, caregiver or guardian, or a government agency, and does not have to spend the money on the child. In the U.S., there is no gender requirement for child support; for example, a father may pay a mother or a mother may pay a father.
In addition, where there is joint custody, both parents are "custodial parents" and neither parent is a non-custodial parents, or in other words the child has two custodial parents. Thus, with joint custody, one custodial parent (as an obligor) may be required to pay the other custodial parent (as an obligee).
The custodial parent is the one with whom the child spends most nights during the year. According to the IRS website, here are some additional rules about what qualifies a child as your dependent:
Child custody, conservatorship and guardianship describe the legal and practical relationship between a parent and the parent's child, such as the right of the parent to make decisions for the child, and the parent's duty to care for the child. Custody issues typically arise in proceedings involving divorce, as well as in paternity, annulment ...
The non-custodial parent pays the money to the custodial parent for the child. The custodial parent pays all of the money straight to the child's needs. Forty states of U.S.A have taken into account this process since 2019. The net income of each parent, the income shares guidelines are tied to the actual costs of raising a child — as ...
A noncustodial parent is a parent who does not have physical custody of his or her minor child as the result of a court order. When the child lives with only one parent, in a sole custody arrangement, then the parent with which the child lives is the custodial parent while the other parent is the non-custodial parent.
Yes, parents or guardians can open a custodial Roth IRA for their child. Grandparents, aunts, uncles, cousins and friends of the family also can open a custodial Roth IRA for children.