Lottery

jimsmythee · 2022-11-09T21:52:04+00:00

It depends.

If you choose the 50% cash now option? It's not income. But any investments you get along the way, that pay you income, get calculated as income.

If you choose the annuity, then that's income and CS will be impacted by it.

I remember a news story from 5 or 10 years ago. Some guy won some $6 million lottery draw. And then it turned out her was $50,000 behind on child support. So the state intercepted his lottery winnings to pay his child support. And it was funny because he was mad about that.

I think he said something like, "Them kids been doing fine without my money before."

dday_throwaway3 · 2022-11-10T13:11:41+00:00

Assuming you're in the US, every state has their own set of rules for how often CS can be recalculated. In some states it's every 2-3 years, in others it can trigger after a 10-15% income increase (delta between the two of you) since the last calculation. You can easily find out the rules for your state online.

david10277 · 2022-11-10T15:22:07+00:00

For Windfalls - have someone else claim it Go to a lawyer and sign a agreement to have the funds held in trust

Small_Quarter_3673 · 2022-11-11T15:03:30+00:00

Don't tell anyone

Title	Lottery
Author	Thinkingtoomuch101
Upvotes	1
Comments	10
Date	November 9, 2022 9:44 PM UTC (3 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/yqwhwu/lottery/
Archive Link	https://theredarchive.com/r/Divorce_Men/lottery.1139207 https://theredarchive.com/post/1139207

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