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The stronger version, the letter of comfort, indicates the parent organization's intention to support the subsidiary. [5] In the United States, there is a general presumption against the enforceability of letters of comfort. However, depending on the wording of the document, there may be legal liability under the rule of reliance. [6]
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Child support includes the financial support of children and not other forms of support, such as emotional support, intellectual support, physical care, or spiritual support. When children live with both parents, courts rarely, if ever, direct the parents on how to provide financial support for their children.
In the United States, child support is the ongoing obligation for a periodic payment made directly or indirectly by an "obligor" (or paying parent or payer) to an "obligee" (or receiving party or recipient) for the financial care and support of children of a relationship or a (possibly terminated) marriage.
Parents with younger children saw a significant drop-off in their reported financial well-being last year, according to an annual comprehensive study of American household finances released by the ...
Means-tested benefits, financial assistance provided for those who are unable to cover basic needs, such as food, clothing and housing, due to poverty or lack of income because of unemployment, sickness, disability, or caring for children. While assistance is often in the form of financial payments, those eligible for social welfare can usually ...
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Sometimes the financial predator targeting your aging parents is a member of the family. For instance, sometimes one of the adult children wants to make sure they receive a great deal of the money ...