Child support obligations can have a profound impact on a family's financial well-being. For a custodial parent, it can set the stage for how he or she will provide for his or her child, and any shortfalls may lead to financial hardship. For noncustodial parents, child support obligations can account for a significant portion of their financial expenses. Thus, the legal system in Florida seeks to find a balance that allows and encourages noncustodial parents to meet their child support obligations while contributing significantly to the costs associated with their child's upbringing.
The great thing about executing an estate plan in Florida is that it can be custom-tailored to fit your needs. If you want to evenly distribute your estate amongst your loved ones, then you can utilize a will to do so. You can also use this document if you want to disinherit someone. If you want to place conditions on the distribution of your estate, then you can utilize a number of trusts to meet your needs. To create a successful estate plan, though, you need to make sure that you fully understand your options and how each one may be beneficial to you.