When a child's parents are unmarried, and the child's mother has sole physical custody of the child, in general the child's father may be ordered to pay child support. However, before a child support order can be executed, paternity must be determined. One way paternity is established in Oklahoma is if the father signs a voluntary acknowledgement of paternity form, either in the hospital or shortly thereafter. Such a form indicates that the father agrees he is in fact the child's father.
It is no secret that many in Oklahoma find it cheaper to live together as a couple than to live singly. However, after a divorce, spouses must become financially independent.
The events leading up to a divorce can be intense and volatile. In the worst of circumstances, sometimes one spouse will threaten to harm the other spouse or their children. Are there any remedies for parents who fear for the safety and well-being of the child due to their partner's conduct?
It is an unfortunate fact that divorce and debt can go hand-in-hand. It is not unheard of for a spouse in Oklahoma to be surprised to learn during the divorce proceedings that the other spouse took out credit cards and other debts in the spouse's name without the spouse's agreement or even knowledge. Unfortunately, with that spouse's name on the account, that spouse could be responsible for paying off the debt. Spouses in such cases can contest the debt. If the spouse can verify that the debt was taken out without his or her permission, in some cases that spouse may not be responsible for it.
Child support is much more than a simple obligation to help with the basic costs it takes to raise a child. It is often the lifeline custodial parents need to provide the child with a well-rounded childhood. Therefore, when child support is not paid, it can have a profound effect on the child.
After a divorce, many custodial parents in Oklahoma turn to Child Support Services to obtain child support payments from the noncustodial parent. There are some steps parents can take to help the efforts of Child Support Services to collect child support.
There are certain circumstances in which the court will deem it necessary to appoint a guardian to a child under 18 years old. This may be the case if both of the child's parents have died or if for some reason the child's parents are incapable of raising the child. Guardians are often relatives of the child, but not always. Parents may have stipulated in a will who is to be a child's guardian should the parents both pass away before the child has reached adulthood. The adult who is appointed to care for the child is known as the guardian and the child is known as the ward.
Much can change for a parent after a divorce. This is especially true of a parent's financial circumstances. For example, a parent in Oklahoma could get a job promotion, leading to an increase in income. Or, a parent could be laid off, leading to a decrease in income. In addition, the costs involved in raising a child may vary based on the child's needs. When there is a child support order in place, these fluctuations in a parent's finances could majorly affect the parent's ability to raise the child. For all these reasons, parents may choose to pursue a modification of child support. It is important, then, to ascertain when such a modification may be approved.
Readers of this blog may have been following the divorce drama between Oklahoma oil magnate Harold Hamm and his ex-wife. Recently, the court denied an appeal brought by Hamm's ex-wife to the Oklahoma Supreme Court regarding the couple's divorce case. Back in November 2014, a district court in the state of Oklahoma ruled that Hamm's ex-wife should receive approximately $1 billion of the couple's estate after they divorced. Hamm's ex-wife later cashed a $975 million check from Hamm. Despite that, Hamm's wife contested the award, as it allowed Hamm to retain most of the couple's $18 billion marital estate.
Many residents of Tulsa, Oklahoma, spend years amassing retirement savings. Yet when it comes to divorce, one's eventual retirement may be the last thing on one's mind. However, one should keep in mind that retirement assets, just like any other asset, will go through the property division process following a divorce. This is especially important, as going from a two-income household to a one-income household can have a serious effect not just on one's day-to-day lifestyle, but on their ability to retire when they want to as well.