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Thread: Child support and bonus checks

  1. #1
    skittles1234 is offline Junior Member
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    Child support and bonus checks

    What is the name of your state (only U.S. law)? pa
    Just curious to know if anyone knows if a child is entitled to recieve part of their father's bonus check through child support? My ex recieves 2 bonus checks per year and for the past couple years each check was almost $5,000. He also has stocks given to him each year through his company. Last year he recieved $8,000 in stocks. My current child support order does not include any of this. It is only based on his weekly pay because I did not mention the bonuses or stocks. My current child support order is for $140 a week. If anyone knows if my son would be entitled to any of this please let me know. Thanks
  2. #2
    LdiJ is offline Senior Member
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    Quote Originally Posted by skittles1234 View Post
    What is the name of your state (only U.S. law)? pa
    Just curious to know if anyone knows if a child is entitled to recieve part of their father's bonus check through child support? My ex recieves 2 bonus checks per year and for the past couple years each check was almost $5,000. He also has stocks given to him each year through his company. Last year he recieved $8,000 in stocks. My current child support order does not include any of this. It is only based on his weekly pay because I did not mention the bonuses or stocks. My current child support order is for $140 a week. If anyone knows if my son would be entitled to any of this please let me know. Thanks
    You could file for a modification and ask that all of his income be included in the child support calculation.
  3. #3
    nextwife is offline Senior Member
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    Quote Originally Posted by skittles1234 View Post
    He also has stocks given to him each year through his company. Last year he recieved $8,000 in stocks.
    I wonder what THOSE are actually really worth.
  4. #4
    Gracie3787 is offline Senior Member
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    Quote Originally Posted by nextwife View Post
    I wonder what THOSE are actually really worth.
    Going on what happened earlier today on Wallstreet, I'd guess those stocks are worth about $8.00.
  5. #5
    2Mistakes is offline Senior Member
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    Quote Originally Posted by skittles1234 View Post
    What is the name of your state (only U.S. law)? pa
    Just curious to know if anyone knows if a child is entitled to recieve part of their father's bonus check through child support? My ex recieves 2 bonus checks per year and for the past couple years each check was almost $5,000. He also has stocks given to him each year through his company. Last year he recieved $8,000 in stocks. My current child support order does not include any of this. It is only based on his weekly pay because I did not mention the bonuses or stocks. My current child support order is for $140 a week. If anyone knows if my son would be entitled to any of this please let me know. Thanks
    Why did you not mention the bonuses or stocks?

    How long ago was the current order put into place?
  6. #6
    momofrose is offline Senior Member
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    Quote Originally Posted by skittles1234 View Post
    What is the name of your state (only U.S. law)? pa
    Just curious to know if anyone knows if a child is entitled to recieve part of their father's bonus check through child support? My ex recieves 2 bonus checks per year and for the past couple years each check was almost $5,000. He also has stocks given to him each year through his company. Last year he recieved $8,000 in stocks. My current child support order does not include any of this. It is only based on his weekly pay because I did not mention the bonuses or stocks. My current child support order is for $140 a week. If anyone knows if my son would be entitled to any of this please let me know. Thanks
    You can file for a modification of the Child Support order to include the amounts of his nonus's - but the stocks are a nother matter - no one knows from one day to the next what (if anything) they will be worth.

    Just remember that when you file for a modification that you must also disclose your financial situation (how much you make).

    You might want to make certain you are not opening up a can of worms.
  7. #7
    qurice is offline Member
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    Quote Originally Posted by momofrose View Post
    You can file for a modification of the Child Support order to include the amounts of his nonus's - but the stocks are a nother matter - no one knows from one day to the next what (if anything) they will be worth.
    They aren't really worth anything until they are sold, and a gain (or LOSS for that matter) is realized. Maybe the dividends earned can be counted, but companies are cutting dividend payouts too.

    Besides, with all that's going on, who knows if OPs ex will still receive any bonuses going forward.
  8. #8
    momofrose is offline Senior Member
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    My ex received a bonus and when I went for modification it was counted towards his income- if he does not continue to receive it - he can file for a downward.

    D
  9. #9
    nextwife is offline Senior Member
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    Quote Originally Posted by momofrose View Post
    You can file for a modification of the Child Support order to include the amounts of his nonus's - but the stocks are another matter - no one knows from one day to the next what (if anything) they will be worth.

    Just remember that when you file for a modification that you must also disclose your financial situation (how much you make).

    You might want to make certain you are not opening up a can of worms.
    What was before may not be again. Many business sectors are facing a new business reality, and it may be unclear whether industries that could afford bonuses in the past will be able to afford them in the future.

    What sort of industry sector is he is? I'm hearing from many that they will be happy to still have their jobs, much less a bonus, a year or two from now.

    If the bonuses were based on such a factor as market performance or stock value, be aware that the financial fortunes of many businesses have turned, and next years performance CANNOT be judged by past performance.

    I truly think people are NOT getting this current situation will affect them, not just banks or mortgage companies, not just Wall Street..
    Pinkie39 likes this.
  10. #10
    qurice is offline Member
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    Quote Originally Posted by momofrose View Post
    if he does not continue to receive it - he can file for a downward.

    D
    Easier to file, than to actually receive.

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