Mississippi Child Custody Factors: Financial Situation of the Parents

One of the worst-kept secrets in the world is that kids are expensive. They break stuff, get sick, and outgrow clothes faster than you can buy them. In child custody cases, the court will take into consideration the finances of the individual parents, not because affluence counts higher in favor of custody, but that the ability to provide for that child is extremely important. This is not to say that the parent with the most money wins. It means that if one parent is totally broke, then they will have an uphill battle in showing the rest of the factors weigh in their favor.

Parents in a good financial situation will have an easier time showing that they can provide for the child, and possibly to spoil them to some extent. Spoiling does not mean turning the child into Veruca Salt from Willy Wonka and the Chocolate Factory. Spoiling means being able to buy the child a new bike, a baseball glove, and send them to college. A good financial situation also means that the parent can provide the child with a great place to live and can afford utilities without having to worry.

Courts may also look at the parents’ financial situations by seeing if the parents are responsible with money. Credit card debt, crazy investments, and buying clothes and jewelry beyond your means will lead a judge to believe that you have trouble limiting your spending, which can adversely affect the child. A parent who can show that they have their finances under control will have the upper hand regarding this factor of a child custody determination.

This factor is one that often confuses and scares clients that come into our office. Often, these are the parents who acted as a homemaker during the relationship or who never completed school because of childcare. The financial situation of the parents does not mean that the parent who makes more money will automatically win. It is simply one factor that can help a chancellor make their decision. Taking care of a child takes a responsible person, and one of the easiest ways to show your responsibility is to prove that your financial situation is a good one for the child to grow up in. If you have a question about your child custody case, call the Law Office of Matthew Poole. We love helping people take care of what is important to them, and would love to help you too.

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