QUESTION

Income Imputed From Asset: Primary Home

Asked on Feb 09th, 2016 on Child Support - Wisconsin
More details to this question:
I had a review of my current child support arrangement and it went up. I noticed in the findings write-up that my income was reported at a higher value than I claimed on the financial disclosure form. The only possible reason I can ascertain for this is having income imputed via asset: my new primary home that I purchased last year. I have a mortgage with only 5% down. Can judges/court commissioners in Milwaukee, WI impute income from your primary residence/home? It's hard for me to understand how this could be, since my home does not generate income (unlike a trust fund or annuity). Any insights are greatly appreciated.
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1 ANSWER

Divorce Attorney serving Milwaukee, WI
Partner at Karp & Iancu S.C.
4 Awards
I don't see how your house is income, unless it is rental property; it is possible you calculated your income from employment incorrectly, and the court did a math calculation to determine your gross monthly income. If you disagree with the court order, file an immediate motion de novo to review the orders. Check your local court rules to insure the time line to file the appeal.
Answered on Feb 10th, 2016 at 8:05 PM

David B. Karp Karp & Iancu, S.C. 933 North Mayfair Road #300 Milwaukee, WI 53226 414 453 0800 dbk@karplawfirm.com www.karplawfirm.com

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