Buyout Preparation Checklist
Organize your assumptions before discussing a support buyout with your advisers.
Download the one-page checklistDefine the payment schedule
- Record the monthly amount, payment count, and first payment date.
- Note any planned changes in payment amounts, timing, or duration. Identify exceptional installments and record each explanation and supporting source.
Document the calculation assumptions
- Record the valuation date, annual discount rate, and source for that rate.
- Keep a copy of the calculation showing its timing and compounding convention.
Gather the relevant materials
- Locate the applicable order or agreement and any amendments for your own review.
- List the documents your adviser may need; use their approved process to share them.
Identify questions for separate review
- Ask how termination, modification, taxes, and collection risk affect the discussion.
- Ask what rights or obligations a proposed buyout would release or preserve.
Prepare for the next conversation
- Write down the alternatives you want compared and any dates that matter.
- Confirm the professional review's scope, deliverables, timing, and fees.
This checklist is a preparation aid, not legal or tax advice or a settlement recommendation. A calculator values the payment assumptions entered; it does not determine a support award or an appropriate buyout.
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