Searching for Inheritance Child Support information? Find all needed info by using official links provided below.
https://www.lawyers.com/legal-info/family-law/child-support/effect-of-inheritance-on-child-support.html
Inheritances and Modifying Child Support. If you already have a child support order in place, and one parent has received a substantial amount of inheritance money, you may need to ask a court to modify child support. To reduce or increase child support, one parent needs to show that a material change in circumstances has occurred.
https://www.hancocklawgroup.com/newsletters-articles/2017/november/a-parents-inheritance-can-affect-child-support-p/
Nov 10, 2017 · Inheritance as Income. Although an inheritance is not itself included in income for taxation purposes, any interest earned on the inheritance is considered income. The same applies in determining child support. Thus, income derived from interest on an inheritance is considered income for child support purposes.
https://dadsdivorce.com/articles/how-inheritance-affects-child-support-alimony-and-modifications/
Your wife receiving a substantial inheritance would only likely change the child support obligation if the inheritance was such that she would continue receiving income from it and her previous income was relevant to setting the initial obligation.
https://corporate.findlaw.com/law-library/inheritance-causes-increase-in-child-support-obligation.html
Inheritance Causes Increase In Child Support Obligation A father's receipt of inheritance money should be included in the calculation of his income for the purpose of setting his child support obligation, according to a recent decision of the Pennsylvania Superior Court.
https://www.avvo.com/legal-guides/ugc/child-support-inheritance-as-income-in-new-york
Feb 16, 2013 · A court can allocate a portion of a gift or an inheritance to child support and direct that such may be paid in a manner as determined by the court. A court even can direct a parent to reinvest or liquidate assets to provide for his or her children. A court also may direct that payment be made in …
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