Family Law News

Cost Of Living Adjustment To Child Support Guidelines

Minnesota Statutes section 518.551, subd. 5(k) requires the Supreme Court to change the dollar amount of the income limit for application of the child support guidelines on July 1 of each even numbered year, to reflect changes in the cost of living index.  The adjustment to the dollar amount must be made available to courts and the public on or before April 30, 2006.

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	Did You Know?
	You may be able to leave your pension to your spouse or child. In general, if you are married, your spouse is entitled to a portion of your pension if you die first. There is some cost to that, however, that usually serves to reduce the monthly retirement payments you would have received if the benefits were to be paid just during your lifetime. If you and your spouse agree, you can waive this survivor benefit protection, and/or sometimes name some other person(s) (such as a child) as your beneficiary. Consult with your family lawyer and review the plan summary carefully to find out your rights and responsibilities in this area.