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.
Thanks for your feedback. You say ‘not normally inheritance’, does that mean there are times where inheritance can be included as income?
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.
It will not affect child support unless those assets produce income for you.
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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?