Child Support


#1

If there has been a 15% change in income or significant lifestyle change then the child support can be refigured using the new income. That includes increase or decrease in income not normally inheritance.


#2

Thanks for your feedback. You say ‘not normally inheritance’, does that mean there are times where inheritance can be included as income?


#3

I think that would depend on if the inheritance is continuous like a trust fund that pays out over a long period of time or a one time lump sum, but I do not believe that it can be considered income. There could always be an exception but it would probably have more to do with the amount and dispurtion of the funds.
I could be wrong but I know that inheritance is not included in ED unless both you and the spouse are named as the recipients.


#4

It will not affect child support unless those assets produce income for you.

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#5

If after receiving child support for 10 years and I receive property and maybe a little cash as an inheritance, can that reflect or change the amount of child support that is being received?