QUESTION
Is an inheritance considered income for child support purposes?
Asked on Feb 14th, 2013 on Child Support - California
More details to this question:
My ex-spouse received an inheritance that is more than my entire annual salary. I am paying child support because for the last 7 years my spouse has not earned more than $10k per year even though our divorce agreement says they must work to contribute to our children's support.
1 ANSWER
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Richard Helzberg
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Only the income from an inheritance is considered income available for support. If the money was not invested, a court could impute a return as if it were invested. For example, if someone inherited $1,000,000, a court could, based on expert option ( a CPA), find that it should earn say, 3% a hear = $30,000 in income available for child support.
Answered on Mar 11th, 2013 at 4:40 PM