In recent news, the financial details of Britney Spears’s child support payments to her ex-husband, Kevin Federline, have come into question once again. Federline, who currently receives approximately $40,000 per month in child support for their two sons, is considering seeking a modification for an additional $20,000 monthly.
This request comes after their original child support arrangement was calculated in 2007 when they had shared custody of their children. However, with Federline now having full physical custody, he believes an increase is warranted to cover the additional expenses.
When determining whether to modify child support agreements, the court takes into account various factors, including the income of both parties, custody arrangements, and any significant changes in circumstances. It remains to be seen how the court will rule on Federline’s request.
Stay tuned for more updates on the ongoing financial discussions between Britney Spears and Kevin Federline regarding child support.
The Divorce Settlement and Child Support Reports
Britney Spears and Kevin Federline finalized their divorce settlement in 2007. While the exact amount of the settlement is unclear, Federline reportedly received over $1 million. Following their divorce, Spears paid Federline $20,000 per month in child support for their sons.
In 2018, there were reports that Federline requested an increase to $60,000 per month, but the exact amount remains undisclosed. The court determines child support based on the needs of the children and the custody arrangements.
Requests for modification can be made if there are significant changes in circumstances such as a change in employment, income, custody arrangements, or major changes to the cost of living.
Kevin Federline’s Request for an Increase in Child Support
Kevin Federline’s attorney has stated that the current child support agreement between Kevin Federline and Britney Spears did not allocate how much money was allotted for each child. As a result, Federline is now requesting a recalculation of the amount. This request stems from Federline now having full physical custody of one of their sons.
Federline believes that the change in custody arrangements will lead to an increase in expenses for him and his family. In an effort to find a resolution, he is hoping to work out an agreement with Britney Spears’ attorneys. They are currently in discussions to determine a fair adjustment to the child support amount based on the recent changes.
If an agreement cannot be reached through negotiations, Federline and Spears may need to proceed with the judicial process to resolve the child support modification request. It is worth noting that Federline and his family have recently relocated to Hawaii and are satisfied with the new custody arrangement.