I’m dealing with a tricky situation and could use some advice. My ex is now contesting our child support arrangement, citing a significant increase in my financial assets that occurred several years after our divorce was finalized. Our incomes are roughly the same, but my assets have grown substantially. The child support calculator didn’t take assets into account, only income.
Is there a valid case for modifying child support based on changes in assets, even if incomes are similar? What should I consider or do next?
Hi Nicole,
Assets usually don’t impact child support. However, a judge can consider many factors, including each parent’s ability to pay.
If the assets are very large and incomes are low, they might affect the child support calculation. But if both parents have good incomes and the assets are average, it likely won’t change the support amount.
Hey Nichole,
Assets typically don’t matter unless they’re generating income. However, if you’ve moved farther from the children and now have less custody time, that could significantly impact the child support calculation.
This is why I keep details to myself. Although we’re supposed to share parenting time, I actually have the kid most of the time and cover expenses like insurance, clothing, school fees, activities, and medical bills.
If my ex thought I had come into a lot of money, they’d definitely try to take advantage.