Will Child Support Be Increased if the Payor Receives a Large Lump Sum

Assets in childs name are killers. 529s are a bit different..special rules ...

NY does not permit anominity as to winners and you have a strict timeline to claim prize..be careful.

I'm not saying he needs nothing. clothing is his main thing tho. but i did say i pay child support as well which is all i am ordered to pay. but, i buy all of his clothes, the majority of his toys, pay the co-pay for doctor & meds. i was even going full scale grocery shopping for her entire house(she has 2 daughters who are not mine) every week & leaving them at daycare for her for close to a year. she didnt appreciate it and wanted more money & told me she didnt need my handouts so i stopped. i've even given her extra money. all of this in addition to me participating in his daily routine several days a week, every week which at the moment only consists of him getting to and from daycare. these are things i choose to do but i am not ordered to do and i could leave it all on her instead of waking up hours earlier than i have to, driving 20 miles to her to take him and then driving out of my way at the end of the day to pick him up. i do it because i luv my son tho. i could be selfish and just wait for her to bring him home everyday, then go see him.(when she allows me) but i am basically the only one who takes him places and spends time with him the way a boy likes.....like i said, he has 2 sisters. both are teenagers. not into playing and running around.

in return, she registers my son at the daycare and writes down "has no father".....she moved and told me she wouldnt tell me where she lived(no police reports or stay away orders in place)....had to go to court to find out, refuses to consent to my son's passport after the judge ordered her to so i can take him on a disney cruise, cursed my mother out who was always her biggest ally etc. etc. etc..... all because i am happy!!!???

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ok thanx. i guess i'll have to do a little more research into 529's then. much appreciated

Dude, you're dealing with the same ex millions are having to deal with (on either end of the stick, let's be honest).

If she is preventing you from exercising your court ordered parenting time, you have recourse.
If she is otherwise not following the law, you have recourse.

Withholding income is NOT your recourse.

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Okay - explain to me please why you think the answers might have changed since the last time you asked this?

are you serious? i guess you never been to family court in ny. they dont care. the judge ordered her to sign the consent for his passport over a year ago. i've taken her to court for that violation twice. nothing. just tell her to do it. no consequences.

im not withholding any income. what i acquire in addition is a bonus to my life and my son's life. thats what it will be used for. im not rewarding disrespect and ignorance.

i dont care what other fathers go thru. i care about my family.

If you are dealing with a royal pain of an EX I strongly suggest added homework and staying off any Socail networks which might tip he off to your new "income "

If you get countable income under NY rules and then park a good chunk in a 529, that does NOT unwrap the fact that you got said income...and if by some set of rules she is entitled to latch on to 17% or whatever.. OUCH.

I simply do not know the rules for NY..but a lottery ticket is a bit like a bearer bond . If your son owned say 50 % by lawful means ..his income might be out of your support math ..and might be structured so you have all logical control of same and its beyond moms reach ...just a point to consider with counsel....

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minors cannot purchase lottery tickets...whether they can own or co own a ticket as a gift is a point neyond me ...check before you go there...

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Quoting li.bee94

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are you serious? i guess you never been to family court in ny. they dont care. the judge ordered her to sign the consent for his passport over a year ago. i've taken her to court for that violation twice. nothing. just tell her to do it. no consequences.

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And? YOU NEED TO KEEP PURSUING THIS. Don't expect the court to hold your hand and do it for you.

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im not withholding any income. what i acquire in addition is a bonus to my life and my son's life. thats what it will be used for. im not rewarding disrespect and ignorance.

i dont care what other fathers go thru. i care about my family.

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Well, you go ahead with your good self and tell that to the Judge. Good luck with that.

Don't come back whining when you're on the wrong end of the gavel.

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Quoting HRinDEVON

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If you are dealing with a royal pain of an EX I strongly suggest added homework and staying off any Socail networks which might tip he off to your new "income "

If you get countable income under NY rules and then park a good chunk in a 529, that does NOT unwrap the fact that you got said income...and if by some set of rules she is entitled to latch on to 17% or whatever.. OUCH.

I simply do not know the rules for NY..but a lottery ticket is a bit like a bearer bond . If your son owned say 50 % by lawful means ..his income might be out of your support math ..and might be structured so you have all logical control of same and its beyond moms reach ...just a point to consider with counsel....

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minors cannot purchase lottery tickets...whether they can own or co own a ticket as a gift is a point neyond me ...check before you go there...

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In other words, "I don't know, but .... ".

This is a pattern of yours. Why is that?

I can tell you part of the answer. He got yelled at so incessantly for just answering any old answer that now he prefaces his answers with "I don't know but..." For some reason he thinks this makes it appropriate to post when he has no idea what he's talking about.

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Quoting HRinDEVON

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If you are dealing with a royal pain of an EX I strongly suggest added homework and staying off any Socail networks which might tip he off to your new "income "

If you get countable income under NY rules and then park a good chunk in a 529, that does NOT unwrap the fact that you got said income...and if by some set of rules she is entitled to latch on to 17% or whatever.. OUCH.

I simply do not know the rules for NY..but a lottery ticket is a bit like a bearer bond . If your son owned say 50 % by lawful means ..his income might be out of your support math ..and might be structured so you have all logical control of same and its beyond moms reach ...just a point to consider with counsel....

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minors cannot purchase lottery tickets...whether they can own or co own a ticket as a gift is a point neyond me ...check before you go there...

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all your help is much appreciated. but i was never going to try to co-own it with him. i just want to use the money for his well-being and future. unfortunate part of child support is once it leaves your hands, you have to trust that the right thing is being done with the money and it is used for the child. unfortunately in my situation, she has an ex who has not kept up with his support for her daughters and that's probably where her greed is coming from. i have always done above and beyond to help with that slack but my responsibility is to my son and i have to make sure i can do all i can FOR HIM first and foremost.

Doggie, I think the swimming pool analogy is due here. You want to take it or shall I?

I'll do it, since I'm on break.

Right. This, ladies and gentlemen, is how it works. (Switch pronouns as necessary)

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Treat your checking account like a swimming pool. Every month, you add 500 gallons of water from child support. You add another 1000 gallons from your job. Maybe you have a birthday and get another 50 gallons for gifts.

Now, you take 300 gallons out to pay your rent. You take 200 gallons out for food. Another 200 gallons for medical care.

How in the world would you be expected to know that the gallons you took out for food, clothing, etc was the same as the money that went in for child care? Obviously, you can't.

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Any questions?