If I voluntarily retire at age 60 and my income drops by 25%, will I still be held to the income I had prior to retiring for child support purposes? Thank you
No, when calculating child support or when modifying child support, a parent’s income is based off of his/her current income. However, income can be imputed to a parent if that parent is found to be unemployed or underemployed in bad faith.
Anna Ayscue
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
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