Hi everyone,
This seems like a great resource so first, thank you to the creators of this forum
I wanted to get some input regarding the topic "non-recurring income." My ex and I are working on figuring out child support and spousal support. The complication first is that I am self-employed however a further complication is that I sold part of my business last year. I have taken the funds out, half last year and half this year. My ex was with me when the first payment was made however we were separated when the second payment was made. I still gave her 50% of the second payment the day it was made.
She feels this should be included in calculating child support and spousal support however I feel it should not considering she has already got half and it technically is non-recurring.
The sale was my business running under my main corporation so what I sold technically was the business however I kept the corporation name. I have actually made no money this year in income aside from the capital gain from the sale.
Her lawyer has stated it should be included but averaged over 3 years. This would mean the average is taken from $35k, $40k, $147k for 2012 and then $40k, $147k, $100k for 2013. My lawyer has stated she already got her half, it should not be included.
I'm hoping some of you may offer some input as well. Can anyone here offer my some input?
Thanks in advance for your help!
This seems like a great resource so first, thank you to the creators of this forum
I wanted to get some input regarding the topic "non-recurring income." My ex and I are working on figuring out child support and spousal support. The complication first is that I am self-employed however a further complication is that I sold part of my business last year. I have taken the funds out, half last year and half this year. My ex was with me when the first payment was made however we were separated when the second payment was made. I still gave her 50% of the second payment the day it was made.
She feels this should be included in calculating child support and spousal support however I feel it should not considering she has already got half and it technically is non-recurring.
The sale was my business running under my main corporation so what I sold technically was the business however I kept the corporation name. I have actually made no money this year in income aside from the capital gain from the sale.
Her lawyer has stated it should be included but averaged over 3 years. This would mean the average is taken from $35k, $40k, $147k for 2012 and then $40k, $147k, $100k for 2013. My lawyer has stated she already got her half, it should not be included.
I'm hoping some of you may offer some input as well. Can anyone here offer my some input?
Thanks in advance for your help!
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