A Texas child support calculation tool, particularly one addressing a 50/50 custody arrangement, helps determine the financial obligations of each parent when physical custody is shared equally. It typically requires inputting each parent’s net monthly resources, health insurance costs for the child, and other relevant expenses. For instance, if one parent earns significantly more than the other, the tool might calculate a support obligation for the higher-earning parent to ensure the child’s needs are met equally in both households.
Utilizing such a tool provides clarity and predictability regarding financial responsibilities in shared parenting situations. It can help prevent disputes by establishing a clear, consistent framework based on established Texas guidelines. Historically, calculating support in 50/50 custody arrangements presented unique challenges, but dedicated tools tailored to Texas law simplify this process and contribute to more equitable outcomes for children. This promotes financial stability for the child and allows parents to focus on their children’s well-being rather than financial disagreements.
This discussion will further examine the specific factors influencing calculations, variations based on individual circumstances, and potential legal implications of using these tools in Texas. It will also address common misconceptions and explore resources available to parents navigating shared custody arrangements in Texas.
1. Net Monthly Resources
Net monthly resources play a crucial role in Texas child support calculations, especially in 50/50 custody scenarios. This figure represents the income available after deducting social security taxes and federal income tax withholding. Accurate determination of each parent’s net resources is fundamental, as it directly impacts the calculated support obligation. Disparities in net resources between parents often necessitate a support payment from the higher-earning parent to equalize the child’s financial support across both households. For example, if one parent’s net monthly resources are significantly higher, they might be obligated to contribute more financially, even with a 50/50 custody arrangement.
Consider a scenario where Parent A has net monthly resources of $6,000, while Parent B has $3,000. Despite equal parenting time, the child enjoys a higher standard of living while residing with Parent A. Texas guidelines aim to mitigate this disparity. The child support calculator considers the difference in resources, potentially obligating Parent A to provide financial support to Parent B to ensure the child benefits from a more consistent standard of living regardless of which parent’s home they are in. This highlights the practical significance of accurately reporting net resources, ensuring fair and equitable support calculations.
Accurately calculating net monthly resources is foundational to fair child support determination in Texas 50/50 custody cases. Misrepresenting or omitting income can lead to inaccurate calculations and legal repercussions. Consulting legal counsel ensures proper income documentation and adherence to Texas guidelines. This protects the child’s financial well-being and promotes equitable parental contributions. Understanding the direct impact of net resources empowers parents to approach child support calculations with clarity and transparency.
2. Health Insurance Costs
Health insurance costs for the child are a significant factor within Texas child support calculations, particularly in 50/50 custody arrangements. Accurately accounting for these costs ensures the financial burden is shared equitably between parents, contributing to the child’s overall well-being. This involves considering not just the premium costs, but also any out-of-pocket expenses like co-pays, deductibles, and uncovered medical expenses.
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Cost Allocation in 50/50 Custody
In shared custody situations, the cost of the child’s health insurance is typically factored into the support calculation. The parent providing the coverage often receives an adjustment in their support obligation. This adjustment acknowledges the financial contribution of providing insurance and aims to distribute healthcare expenses fairly. For instance, if one parent covers the entire health insurance premium, the calculator will likely reduce their support obligation accordingly.
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Uninsured Medical Expenses
Beyond premiums, uninsured medical expenses, such as co-pays, deductibles, and uncovered procedures, also factor into the support calculation. These costs are often divided proportionally between parents, based on their respective net resources. For example, if one parent earns 60% of the combined parental income, they may be responsible for 60% of the child’s uncovered medical expenses. This ensures a fair distribution of the financial responsibility for the child’s healthcare needs.
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Impact on Support Calculations
The inclusion of health insurance costs can significantly influence the final support obligation in a 50/50 custody arrangement. A higher premium or substantial uncovered medical expenses can shift the support obligation, even when physical custody is equally shared. This underscores the importance of accurate documentation and reporting of all healthcare-related expenses. Providing complete and accurate information ensures the child support calculation reflects the true cost of the child’s healthcare.
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Legal Considerations
Clear documentation and agreement regarding health insurance coverage and cost-sharing are essential. Court orders often address these specifics to avoid disputes and ensure consistent healthcare provision. Consulting legal counsel is advisable to ensure compliance with Texas law and to establish a legally sound agreement regarding health insurance responsibilities in 50/50 custody cases. This protects the child’s access to healthcare and minimizes potential conflicts between parents.
Integrating health insurance costs into the child support calculation process aims to distribute the financial responsibility for the child’s healthcare equitably between parents in 50/50 custody arrangements. Accurate reporting and clear legal agreements are crucial to achieving this goal and minimizing potential conflict. Understanding how these costs are factored into the calculation helps ensure a fair and legally sound outcome, ultimately benefiting the child’s well-being.
3. Additional Childcare Expenses
Additional childcare expenses beyond standard care required for employment or education often become a significant factor in Texas child support calculations, especially in 50/50 custody situations. These expenses, encompassing costs like summer camps, extracurricular activities, and specialized tutoring, are considered when determining each parent’s financial obligation. The underlying principle is to ensure both parents contribute proportionally to expenses essential for the child’s development and well-being, regardless of which parent incurs the direct cost. Cause and effect are directly linked: documented childcare expenses influence the calculated support obligation. The Texas child support calculator incorporates these costs to ensure a fair distribution of financial responsibility. For example, if one parent enrolls the child in expensive extracurricular activities, the cost isn’t solely borne by that parent. Instead, the expense is considered within the support calculation, potentially leading to an adjustment in the other parent’s contribution.
Consider a scenario where a child participates in competitive sports requiring significant travel and specialized coaching. These expenses are considered “additional childcare expenses” under Texas guidelines. Suppose Parent A covers these costs directly. In a 50/50 custody arrangement, the child support calculator will consider these expenses, potentially leading to a reduction in Parent A’s support obligation or an increase in Parent B’s contribution. This ensures both parents contribute proportionally to these essential developmental expenses. Another example might involve specialized tutoring required to address a child’s specific learning needs. Documenting and including these costs in the support calculation ensures both parents share the financial responsibility, promoting the child’s educational well-being.
Accurate documentation of additional childcare expenses is crucial for fair and accurate support calculations in 50/50 custody arrangements. Providing receipts, invoices, and enrollment agreements helps ensure transparency and avoids disputes. Understanding the inclusion and impact of these expenses empowers parents to approach child support calculations with clarity and fosters a more equitable sharing of financial responsibilities for the child’s overall well-being. This contributes to a more stable and supportive environment for the child, promoting their development and minimizing potential conflict between parents regarding financial obligations.
4. Equal Parenting Time
Equal parenting time forms the foundation of the “child support calculator Texas 50/50” concept. A 50/50 custody arrangement, signifying equal or near-equal time spent with each parent, significantly influences the child support calculation. This equal division of physical custody often leads to a different calculation methodology compared to situations where one parent has primary physical custody. The calculator, tailored for Texas guidelines, recognizes this equal division and adjusts the calculation accordingly. Cause and effect are intertwined: the closer the parenting time split is to 50/50, the more likely the calculator will deviate from the standard child support guidelines designed for unequal custody arrangements. This equal sharing of time forms the cornerstone of the “50/50” designation within the calculator’s framework. For instance, with a truly equal split, the base support calculation might start from a presumption of shared financial responsibility rather than assuming one parent is primarily responsible for support.
Consider a scenario where parents share physical custody exactly equally. Each parent provides housing, food, and daily care for precisely half the time. The “child support calculator Texas 50/50” recognizes this equal division. It factors in each parent’s resources to ensure neither parent bears a disproportionate financial burden. This might result in a minimal support obligation or, in cases of significant income disparity, a requirement for the higher-earning parent to contribute financially to the lower-earning parent. Conversely, if one parent has the child for 55% of the time, the calculator might still consider it close enough to a 50/50 split to warrant using a modified calculation, though not as precisely balanced as a true 50/50 split. This demonstrates the calculator’s sensitivity to variations in parenting time even around the 50/50 mark. A significant deviation, such as one parent having the child 70% of the time, would likely trigger a more traditional calculation methodology.
Understanding the direct link between equal parenting time and the application of the “child support calculator Texas 50/50” is crucial for accurate calculation and equitable outcomes. This understanding promotes financial fairness in shared parenting arrangements. However, equal parenting time does not automatically eliminate a support obligation. Disparities in income and resources still play a crucial role in determining the final calculation. Therefore, a thorough understanding of all factors considered by the calculator, coupled with accurate documentation of parenting time, is essential for achieving a fair and legally sound child support arrangement in Texas. This comprehensive approach helps ensure the child’s financial well-being is secured while upholding the principles of shared parental responsibility.
5. Court-Ordered Support
Court-ordered child support in Texas, even in 50/50 custody arrangements, holds significant weight. While calculators offer estimations, a court order formalizes the obligation, establishing a legally binding agreement. Understanding the interplay between court orders and calculations is crucial for compliance and ensuring the child’s financial well-being. Court orders supersede calculator estimates, providing legal clarity and enforceability.
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Deviation from Calculator Results
Court-ordered support may deviate from calculated amounts. Judges consider various factors beyond the scope of standard calculators. These include unique circumstances like a child’s special needs, a parent’s unusually high or low income, or documented evidence of a parent’s voluntary unemployment. Judges may adjust support obligations accordingly to ensure the child’s best interests are served. A documented history of one parent consistently contributing beyond calculated amounts might influence a judge’s decision, as would evidence of hidden income or intentional underemployment by the other parent.
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Legal Enforceability
Court orders provide legal recourse for enforcement. Unlike calculator estimates, which lack legal standing, a court-ordered obligation carries the weight of law. Failure to comply can result in legal consequences, including wage garnishment, liens, or even contempt of court. This enforceability protects the child’s financial security. For instance, if a parent consistently fails to meet their court-ordered support obligation, the other parent can pursue legal action to compel payment, ensuring the child receives consistent financial support.
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Modification Procedures
Modifying a court-ordered support obligation requires a formal legal process. Changes in circumstances, such as significant shifts in income or changes in the child’s needs, necessitate revisiting the existing order. Modifications require filing a motion with the court and presenting evidence supporting the requested change. Simply using a calculator to determine a new amount does not alter the existing court order. For example, if a parent experiences a substantial decrease in income due to job loss, they must petition the court for a modification, providing supporting documentation. The court then reviews the evidence and determines whether an adjustment to the support order is warranted.
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Relationship to 50/50 Custody
Even in 50/50 custody cases, a court order remains crucial. While equal parenting time often influences the calculation, it doesn’t automatically eliminate the need for a support order. Disparities in income may still necessitate a financial contribution from one parent to another. A court order formalizes this obligation, providing clarity and enforceability. This ensures consistency in financial support, regardless of equal time-sharing, protecting the child’s financial well-being. For example, a high-earning parent with 50/50 custody might still be court-ordered to provide support to a lower-earning parent to ensure the child benefits equally from both households.
Court-ordered support provides legal certainty and enforceability, exceeding the scope of online calculators. Understanding the legal process and the implications for 50/50 custody arrangements ensures compliance and protects the child’s financial interests. While calculators can be useful tools, they do not replace the authority of a court order in establishing and enforcing child support obligations in Texas.
6. Deviation Factors
Deviation factors represent specific circumstances that may warrant adjustments to the standard child support calculation in Texas, even in 50/50 custody scenarios. These factors, considered at the discretion of the court, acknowledge that standardized calculations may not always fully reflect a child’s best interests. Understanding these factors helps ensure a fair and appropriate support order tailored to individual circumstances.
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Extraordinary Medical Expenses
A child’s significant, ongoing medical expenses not covered by insurance can constitute a deviation factor. These expenses might include specialized therapies, adaptive equipment, or extensive travel for medical treatment. Documenting these extraordinary expenses is crucial. For instance, a child requiring ongoing physical therapy due to a disability may incur significant costs. A court might deviate from the standard calculation to ensure both parents contribute appropriately to these necessary medical expenses, even in a 50/50 custody arrangement.
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Special Educational Needs
Children with special educational needs often require additional resources beyond standard schooling. This could involve specialized tutoring, private school tuition, or adaptive learning tools. These costs can justify a deviation. Consider a child diagnosed with dyslexia requiring specialized reading instruction. The associated costs might warrant a deviation in the support calculation to fairly distribute the financial responsibility between parents sharing 50/50 custody.
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Substantially Disparate Incomes
A vast difference in parental incomes, even with equal parenting time, can warrant deviation. This aims to ensure the child maintains a comparable standard of living in both households. For example, if one parent earns substantially more than the other in a 50/50 custody arrangement, a deviation might be necessary to provide the child with comparable resources in both homes.
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Unique Parenting Situations
Unique circumstances impacting a child’s care can justify deviation. This might include a child’s special emotional or developmental needs requiring additional parental resources. A child with specific emotional needs requiring extensive therapy or counseling could necessitate a deviation to account for the associated costs. This ensures both parents contribute appropriately to addressing the child’s unique needs, even in a 50/50 custody situation.
Deviation factors provide flexibility within the Texas child support system, recognizing that individual circumstances can warrant adjustments to the standard calculation even in 50/50 custody cases. Presenting clear and compelling evidence supporting the need for a deviation is crucial. These factors highlight the importance of individualized assessment in determining child support obligations, ensuring the child’s specific needs are met fairly and equitably.
7. Legal Guidelines
Legal guidelines in Texas provide the framework for calculating child support, even in 50/50 custody arrangements. These guidelines, established by the Texas Family Code, are crucial for ensuring consistent and fair child support calculations. Understanding these guidelines is essential for navigating the complexities of child support determination and ensuring compliance with state law.
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Texas Family Code Chapter 154
Chapter 154 of the Texas Family Code governs child support calculations. This chapter outlines the formula for determining net monthly resources, defines eligible deductible expenses, and establishes the percentage guidelines based on the number of children. This provides a structured approach to calculating support. For example, the guidelines specify how to calculate net monthly resources by deducting allowable expenses such as social security taxes and federal income tax. This ensures consistency and transparency in the calculation process.
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Presumption of Guidelines Application
Texas law presumes the guidelines should apply unless proven unjust or inappropriate in a specific case. This presumption emphasizes the importance of adhering to established guidelines. Parties seeking to deviate from the guidelines must present compelling evidence demonstrating why the standard calculation is unsuitable for their specific circumstances. For instance, demonstrating a child’s extraordinary medical needs might justify a deviation from the guidelines to ensure adequate financial support.
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Net Resources as the Basis for Calculation
Texas guidelines utilize net monthly resources as the foundation for child support calculations. This figure represents the income available to each parent after deducting specific allowable expenses. Understanding how net resources are calculated is critical for accurate support determination. The guidelines provide a clear definition of net resources and outline acceptable deductions, ensuring consistency and fairness in the calculation process.
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Adjustments for 50/50 Custody
While the guidelines provide a standard framework, adjustments are made for 50/50 custody arrangements. The equal division of physical custody requires modifications to the standard calculation to ensure a fair and equitable outcome. These adjustments reflect the shared financial responsibility inherent in 50/50 custody arrangements. This ensures neither parent bears a disproportionate financial burden while maintaining adequate support for the child.
Texas legal guidelines play a crucial role in ensuring child support calculations are consistent, fair, and legally sound, even in 50/50 custody scenarios. Understanding these guidelines and how they interact with specific circumstances is essential for accurate support determination and compliance with Texas law. Consulting with a legal professional ensures accurate application of these guidelines and facilitates informed decision-making in child support matters.
8. Calculator Accuracy
Calculator accuracy is paramount when using a “child support calculator Texas 50/50.” Accurate calculations depend entirely on accurate data input. Inaccurate figures for income, healthcare costs, or childcare expenses will produce inaccurate support calculations. This cause-and-effect relationship underscores the critical need for precise data entry. Using estimated figures or omitting relevant expenses undermines the calculator’s purpose and can lead to significant discrepancies in the calculated support obligation. For instance, a seemingly minor error in reporting one parent’s income, such as omitting a bonus or commission, can significantly skew the calculated support amount, potentially leading to an unfair or inadequate support order. Similarly, failing to accurately report health insurance premiums or out-of-pocket medical expenses can misrepresent the true cost of a child’s healthcare, leading to an unbalanced support calculation.
The practical significance of calculator accuracy extends beyond the immediate calculation. Inaccurate calculations can lead to disputes between parents, prolonging legal proceedings and increasing emotional stress. They can also result in court orders based on flawed information, potentially harming the child’s financial well-being. Consider a scenario where an inaccurately low support calculation, based on erroneous income data, is incorporated into a court order. The child may then receive inadequate financial support, impacting their standard of living and access to essential resources. Conversely, an inaccurately high calculation can place an undue financial burden on the paying parent, leading to resentment and potential financial hardship. Therefore, verifying all inputs, including income documentation, expense records, and custody schedules, is crucial. Using official documentation, such as pay stubs, tax returns, and court orders, helps ensure data accuracy and reduces the risk of errors.
Accuracy in using a “child support calculator Texas 50/50” is not merely a technical detail but a fundamental requirement for achieving fair and equitable child support outcomes. It directly impacts the financial well-being of children and the stability of co-parenting relationships. Diligence in verifying all inputs and seeking professional guidance when needed are crucial steps in ensuring the calculator serves its intended purpose: providing a reliable basis for determining child support obligations in 50/50 custody arrangements in Texas. Failure to prioritize accuracy undermines the integrity of the calculation process and can have lasting negative consequences for families.
9. Professional Advice
Professional advice plays a crucial role in conjunction with a Texas child support calculator, especially in 50/50 custody situations. While online calculators offer a preliminary estimate, they cannot substitute for personalized legal counsel. Legal complexities often necessitate expert interpretation. Cause and effect are directly linked: seeking professional advice before and during child support proceedings can significantly impact outcomes, ensuring adherence to legal guidelines and protecting parental rights. A qualified attorney provides context, clarifies legal nuances, and advocates for client interests, increasing the likelihood of a fair and legally sound support order. For example, a calculator cannot account for nuanced situations like a parent’s fluctuating self-employment income or a child’s undocumented special needs. An attorney can effectively present these factors to the court, influencing the final support determination.
Several real-life examples demonstrate the practical significance of professional advice. Consider a scenario where a parent receives a substantial inheritance during divorce proceedings. A standard online calculator may not adequately incorporate this influx of assets into the support calculation. An attorney can advise on the proper legal approach to ensure this inheritance is considered fairly within the support determination. Another example involves a parent with a disability affecting their earning capacity. An attorney can advocate for adjustments to the calculated support obligation, reflecting the parent’s genuine financial limitations. Furthermore, an attorney can guide parents through the complex process of modifying an existing support order, ensuring compliance with Texas procedural rules and maximizing the chances of a successful modification.
Navigating Texas child support calculations, especially in 50/50 custody cases, presents significant legal and financial challenges. Overreliance on online calculators without professional guidance can lead to inaccurate calculations, unfavorable court orders, and protracted legal battles. Professional advice empowers parents to understand their rights, navigate legal complexities, and advocate for their children’s best interests effectively. This proactive approach mitigates potential risks and promotes equitable and legally sound outcomes in child support proceedings. Seeking legal counsel ensures compliance with Texas law, protects parental rights, and ultimately contributes to the child’s financial well-being.
Frequently Asked Questions
This FAQ section addresses common questions and clarifies potential misconceptions regarding child support calculations in Texas when parents share 50/50 custody.
Question 1: Does 50/50 custody automatically eliminate child support obligations in Texas?
No. While equal parenting time significantly influences calculations, it doesn’t automatically eliminate support obligations. Disparities in parental income often necessitate a financial contribution from the higher-earning parent to ensure the child benefits equally in both households.
Question 2: How does a Texas child support calculator handle health insurance costs in 50/50 custody arrangements?
The cost of the child’s health insurance, including premiums and out-of-pocket expenses, is factored into the calculation. The parent providing coverage often receives an adjustment in their support obligation to reflect their contribution to the child’s healthcare costs.
Question 3: What are “additional childcare expenses,” and how do they impact support calculations in 50/50 custody?
Additional childcare expenses encompass costs beyond standard care, such as summer camps, extracurricular activities, and tutoring. These expenses are included in the calculation to ensure both parents contribute proportionally to the child’s enrichment activities.
Question 4: Can a Texas court deviate from the standard child support guidelines in 50/50 custody cases?
Yes. Courts can deviate from the guidelines if unique circumstances, such as a child’s special needs or significantly disparate parental incomes, justify adjustments to ensure the child’s best interests are served.
Question 5: Are online child support calculators sufficient for determining the final support obligation in Texas?
Online calculators provide estimates, but they are not a substitute for legal advice. Consulting an attorney is crucial to ensure accurate application of Texas guidelines and to address individual circumstances that may warrant deviations from calculated amounts.
Question 6: How does a court-ordered support obligation relate to a 50/50 custody arrangement?
A court order formalizes the support obligation, even in 50/50 custody situations. It provides legal enforceability and clarifies each parent’s financial responsibilities, ensuring consistent support for the child.
Understanding the nuances of Texas child support calculations in 50/50 custody situations requires careful consideration of various factors and adherence to established legal guidelines. Professional legal advice provides clarity and ensures outcomes align with a childs best interests.
Beyond these frequently asked questions, additional resources and legal guidance are available to further assist parents navigating child support in Texas. The following sections will explore available resources and offer further insights into specific aspects of Texas child support law.
Essential Tips for Navigating Texas Child Support in 50/50 Custody Situations
These tips offer practical guidance for parents navigating the complexities of child support calculations in Texas when sharing 50/50 custody. Careful consideration of these points promotes informed decision-making and protects the child’s financial well-being.
Tip 1: Maintain meticulous records of all income and expenses. Detailed documentation, including pay stubs, tax returns, and expense receipts, ensures accurate calculations and facilitates transparency during legal proceedings. This organized approach simplifies the process and minimizes potential disputes.
Tip 2: Understand the specific definitions and guidelines outlined in the Texas Family Code. Familiarization with Chapter 154 provides a foundational understanding of the legal framework governing child support in Texas, including how net resources are calculated and how deviations from guidelines are considered.
Tip 3: Accurately represent healthcare costs, including premiums and out-of-pocket expenses. Complete documentation of all healthcare-related expenditures ensures a fair distribution of these costs between parents in shared custody arrangements.
Tip 4: Document and disclose all additional childcare expenses, such as extracurricular activities and tutoring. Transparency regarding these expenses promotes equitable cost-sharing between parents, supporting the child’s holistic development.
Tip 5: Seek legal counsel early in the process. Professional advice from a qualified attorney specializing in family law provides personalized guidance tailored to individual circumstances, protecting parental rights and promoting the child’s best interests.
Tip 6: Recognize that 50/50 custody does not automatically eliminate child support obligations. Disparities in parental income remain a significant factor in determining support, even with equal parenting time. A clear understanding of this principle helps manage expectations and fosters realistic financial planning.
Tip 7: Be prepared to present compelling evidence supporting any deviation from the standard guidelines. Documenting unique circumstances, such as a child’s special needs or a parent’s extenuating financial situation, strengthens the case for adjustments to the calculated support amount.
Tip 8: Prioritize open communication and cooperation with the other parent. A collaborative approach fosters a more amicable resolution of child support matters, minimizing conflict and promoting a supportive co-parenting relationship. This often leads to more sustainable and beneficial outcomes for the child.
Following these tips empowers parents to navigate Texas child support calculations in 50/50 custody situations with greater clarity and confidence. These proactive steps contribute to fairer outcomes, reduced conflict, and a more stable environment for children. Understanding these principles ensures the focus remains on the child’s financial well-being.
In conclusion, careful consideration of these guidelines and consistent communication between parties, facilitated by legal counsel, are essential for navigating the complexities of child support calculations in Texas 50/50 custody arrangements. The following concluding section will summarize key takeaways and reinforce the importance of seeking professional guidance.
Child Support Calculator Texas 50/50
Navigating child support calculations in Texas, particularly within 50/50 custody arrangements, requires a comprehensive understanding of legal guidelines, relevant factors, and potential deviations. A Texas child support calculator tailored for 50/50 custody scenarios serves as an initial tool, providing estimates based on parental income, healthcare costs, and additional childcare expenses. However, calculator accuracy hinges on precise data input. Equal parenting time, while central to these calculations, does not automatically negate support obligations. Disparities in parental income often necessitate financial contributions from the higher-earning parent to ensure the child’s needs are met consistently across both households. Court-ordered support establishes legally binding obligations, potentially deviating from calculated amounts based on individual circumstances presented to the court. Professional legal counsel is essential for navigating these complexities, ensuring accurate application of Texas law and advocating for each client’s specific needs.
Child support calculations in Texas, particularly with 50/50 custody arrangements, represent a complex intersection of legal guidelines, financial realities, and parental responsibilities. Diligence in understanding these complexities, coupled with proactive engagement of legal counsel, is crucial for achieving equitable outcomes that prioritize the child’s financial well-being. This approach fosters stability and fairness within shared parenting arrangements, contributing to a more positive and supportive environment for children navigating the transitions inherent in divided families. Ultimately, the focus remains on securing the child’s financial future while upholding the principles of shared parental responsibility.
