Lump sum of child support??

[oppsworld]

What is the name of your state? Utah

We just found out that we will be getting a very large amount of money. I was wondering if we could pay my husbands child support in full, and request that she sign a paper saying she has recieved everything and that she can't come back for more? Also she is the type that feels she is entitled to everything we have/get, so is there a safe way to make sure she can't get her hands on it? We would be giving her over 62 thousand for the child support. We have worked very hard, and don't want to see our money going to her. Any advice would be great!

 

[GothicAngel]

We just found out that we will be getting a very large amount of money. I was wondering if we could pay my husbands child support in full, and request that she sign a paper saying she has recieved everything and that she can't come back for more?

I'm not sure you can do that? Did you speak to an attorney?


Also she is the type that feels she is entitled to everything we have/get, so is there a safe way to make sure she can't get her hands on it?

Yes, keep it under your name only.

 

[oppsworld]

Nope we haven't talked to an attorney. So if we keep the money in my name alone, that will stop her from getting any of it?? My bet she will drag us to court and still try. Thanks!

 

[stealth2]

Support is always modifiable, so she would always have the right to go back for more as long as the child is not emancipated.

As for how to protect the money you're getting - depends on who it's coming to. If it's to both of you, you may only be able to put away your share. However, Mom won't generally be entitled to any portion of it - unless Dad is in arrears.

 

[oppsworld]

The only reason we would be willing to give her the full amount is because she isn't working, living with her parents, and on welfare. We are actually one month ahead on the support payments. She needs the money, and so do the kids. We think she would sign a legal document saying she can't come back for more, and we are giving her an extra 6 months in the settlement (only because we want the kids taken care of). So with the legal side of things if she agrees to sign something for the court, does that means she can come back for more?? The money will be only in my name in a savings account, if thats the only way to make sure she can't touch it. Thanks for the imput!

 

[stealth2]

Child support is ALWAYS modifiable. The court is unlikely to allow her to sign away future support needs.

 

[MandyD]

Also, in the event she goes on welfare again, I doubt the state will honor your agreement. They'll probably still come after the father for repayment of benefits.

 

[stealth2]

Also, in the event she goes on welfare again, I doubt the state will honor your agreement. They'll probably still come after the father for repayment of benefits.

Good point, Mandy.

 

[GothicAngel]

So with the legal side of things if she agrees to sign something for the court, does that means she can come back for more??

Maybe, she can always go back to court and state it was a gift.

 

[kayceebee]

With CS always being open for modification - and with her history of being on Welfare, maybe you can just set the money aside in an intrest drawing accout and the CS be paid directly from that???

Truthfully, she may not do well with a lump sum and run through the money which wouldn't be in the child's best interest in the long run.

 

[haiku]

my husband and i were just having a hypotheticla version of this conversation the other day.

We figured out how much support would be until the last child emancipated and imagined winning the lottery and giving the rest of her money to her in one lump sum.

no more check writing,no more thinking about it, no more 'the check got lost in the mail" I lost the check" etc...

then we realized that she would likely run out and buy a couple of solid gold ruby encrusted toilets, and a 6 pack of budweiser, and still be calling him because the kids need new winter coats.....

oh well........

 

[oppsworld]

This is true, we pay her every month plus we provide everything the kids need except their household expenses (school clothes, lunch tickets, ect.) I guess we will have to pay her month to month. She is always asking for the support, thats why we are a month ahead. I was just thinking it would be easier to give it all to her and then she wouldn't be calling us, at least for a few months Thanks for the great advice!

 

[oppsworld]

One more thought........would it be wrong if my husband quit working (with the money it would be pointless for him to keep working), and just continue to pay the amount each month out of an account with my name on it? I fear that when she sees that we have extra she will be all over that. Like I said before we take care of everything for the kids, they need/want we get it. I don't think it's fair that she can get alot more money from us, even though we take care of everything. Sorry I know you are sick of me, but I don't want to get screwed in the long run.

 

[bononos]

Gimme Some!

I am open to any donations.
Single Mom
2 Boys
Jerk Off Ex
Scraping By
2 Jobs
If you feel like sharing your new found wealth.
did you win powerball?????????

 

[dallas702]

If the money is coming to you through inheritance or some other individual distribution you need to keep it separate so it won't be used to increase the support amount.

if it is coming to both of you I would suggest putting it into a (your own) Nevada Corporation, invest it properly withing the NVCorp and let it grow. As officers of the NVC you can take out expenses or make purchases in the name of the NVC. NVCs have no state tax, and their info is not shared with the feds. You can easily get 14-18% on trust deeds, and create a long term resource for both of you that is almost untouchable. Your financial statements will show whatever "profit" or distributions to you personally that you want.

Under NO circumstances, tell the mother how much you have, how much you are making, or offer any lump sum to her. You now have a nest egg that could change your lives, and the lives of your children. Don't give it away. Manage it.