Hi all,
I have an investment property where I am breaking even on. In fact, due to COVID, I have started losing money.
However, my ex was able to convince the Judge that I am making as much rental income as I used to pre-COVID and hence, my rental income is now imputed and I am paying much higher child support.
My question is if I 'sell' the property to a family member, whom I owe money to for helping with my legal bills, will I still be required to pay the higher child support based on imputed rental income?
Said another way, will my ex be able to argue that since it was a transfer to my family member (who will now be collecting all the rental income), will I still be responsible to pay the 'imputed income'? What are my options here?
I would appreciate some direction in this area or any judgement.
Thanks in advance.
I have an investment property where I am breaking even on. In fact, due to COVID, I have started losing money.
However, my ex was able to convince the Judge that I am making as much rental income as I used to pre-COVID and hence, my rental income is now imputed and I am paying much higher child support.
My question is if I 'sell' the property to a family member, whom I owe money to for helping with my legal bills, will I still be required to pay the higher child support based on imputed rental income?
Said another way, will my ex be able to argue that since it was a transfer to my family member (who will now be collecting all the rental income), will I still be responsible to pay the 'imputed income'? What are my options here?
I would appreciate some direction in this area or any judgement.
Thanks in advance.
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