child support

[TAJoynt]

My ex-husband was paying $2500 for child support because he was making $500,000 a year. He has now sold his business and is not working. He's taking me back to court to reduce the child support based on his current income (none). The millions he made from the sale of the business was legally transferred to his father so the court couldn't base the child support on it. I also received none of the business profit because his shares of the company had been given to him by his father. So legally he has no money, but in reality he is wealthy. How do you think the court will deal with this?

 

[Zephyr]

ask that they input an income to him comparable to what he was making before he made the decision to become voluntarily unemployed

 

[LdiJ]

My ex-husband was paying $2500 for child support because he was making $500,000 a year. He has now sold his business and is not working. He's taking me back to court to reduce the child support based on his current income (none). The millions he made from the sale of the business was legally transferred to his father so the court couldn't base the child support on it. I also received none of the business profit because his shares of the company had been given to him by his father. So legally he has no money, but in reality he is wealthy. How do you think the court will deal with this?

You might want to consider reporting that "gift" to the IRS. He might undo it very very quickly when he discovers that he not only has to file a gift tax return, but that he will owe the IRS 45% of any amount gifted that was over his 1 million dollar lifetime exclusion for gifting.