Is the one time sale of stock included as income in child support calculations? Ex. If I have to sell $500k in private company stock due to stock restrictions, could that be the basis of a motion to adjust child support?
Sale of stock would be considered income for child support purposes however, it is likely not enough to be a basis to modify a child support order if it is one-time. A child support order can only be modified upon a substantial change in circumstances affecting the wellbeing of the minor child(ren).
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
Rosen Online | Unlimited confidential access to a North Carolina attorney for $199/mo - click here
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service only, a full discussion with an attorney should be undertaken before taking any action. The information posted on this forum is available for public viewing and is not intended to create an attorney client relationship with any individual. These answers are provided for informational purposes only, a person should consult with their own individual legal counsel before taking any action that could affect their legal rights or obligations.