What is a "Need based Award" in child support cases If I was rich would there be a cap on the amount paid

Question

I have heard of a "Needs Based Award" in Illinois when dealing with child support as a non-custodial parent. No I'm not rich but I was just wondering if I were, and I had $50,000,000, would I have to pay $10,000,000 (Illinois law states that it is 20% of your net income for 1 child). $2,000,000 would be much more than what the child NEEDS.

Answer 1

Here is a link to IL state CS info. I am not sure of the exact guidelines, bu the "needs based award" is just that. If mom makes substanitally more than you--her resources are taken into consideration and the CSA will 'deviate' from the standard percentage......
http://www.ilchildsupport.com/csbrochures/index.html

"Illinois courts may deviate above or below these guidelines based upon the best interests of the child, considering in light of evidence including but not limited to the following relevant factors:

the financial resources of the child

the financial resources and needs of the custodial parent

the standard of living the child would have enjoyed had the marriage not been dissolved

the physical and emotional condition of the child, and his educational needs; and

the financial resources and needs to the non-custodial parent.

In Illinois, a court may deviate below the guidelines only upon entering specific findings to justify the lower amount. No specific findings are needed to deviate above the guidelines, but in practice, the court generally state their reasons, which usually have to do with the children’s special needs of the condition of the custodian parent. "