If the step mother is willing to adopt you should ask her to pay for the legal fees and court cost. If you simply give up your rights they will be gone but your support obligation will not be.
Under the appropriate circumstances, you can consent for the stepmother to adopt the child/children, and the adoption would essentially terminate any rights/obligations you have to the child/children. There is no cost to you for consenting to the adoption.
Depends on the state you are in. You still run a risk that if the step mother doesn't support the child, the child support agency could come after you, so make them hire an attorney for you (separate from their attorney) to protect your rights.
Not unless the step-mother is pursuing a step-parent adoption in which you can consent to termination of your rights.Otherwise, you cannot "give up" your rights voluntarily because that would also terminate your financial obligations for the child and courts do not allow you to do that.
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