Determinations concerning the amount of child support owed are seldom easy. It’s especially dicey when the individuals involved are self-employed, receive significant incomes or are in possession of a large number of assets.
In one circumstance where both the mother and the father of a 5-year old girl are millionaires, one of the couple is accused of concealing income for the purposes of child support. What’s unusual about this circumstance is the person accused of hiding the income is the custodial mother of the child. She is accused of concealing her financial circumstances so that she could obtain more than $50,000 per month in child support payments from the biological father.
Though few of us can relate to the amounts of money involved in this child support circumstance, couples are often accused of hiding money regardless of income level. It is often the case that one spouse controls the financial strings in the marriage while the other is the caretaker of the child. Unfortunately, when it comes to paying of child support, not everyone is forthright about their finances.
The needs of the child are paramount in any child support situation. Even when couples are well-to-do, it is not in the best interest of the child when parents cannot deal fairly with each other.
Family law attorneys will do what they can to make certain that infighting and attempt to avoid responsibility do not interfere with the child’s needs. Attorneys will always help attempt to make certain all matters concerning child support are transparent in court.
Source: The New York Times, “Millionaires Clash Over Socialite’s Child Support Claims,” Peter Lattman, April 26, 2013