Our state- Louisiana
My husband has a seven year old daughter for whom he pays CS regularly. He is a contract worker, so his yearly income is different from year to year. Sometimes more, sometimes less, and in order to make more, he has to travel out of state and work 80+ hours a week for weeks or months at a time.
The thing that scares me is, if he has a good year and the mother (who doesn't work at all as she just had her third child by a third father) decides to take him to court for an increase (because he is her main source of income) he will be ordered to pay an amount which he may not be able to afford the following year, and it's hard to get a reduction.
I'm wondering if we are able to save up enough money to offer the mother a lump some roughly equal to what she would have received by the child's eighteenth birthday, and she agrees, would this be wise? Could we sign documents to make the agreement binding so that it would hold up in court?
That way we wouldn't have to stress about the constant threat of having the child support increased. My husband's work varies so greatly, and it is not a happy life/ marriage for him to have to work out of state and 80+ hours a week just to make ends meet. It happens sometimes, but we don't want it to be necessary just to make CS payments.