megamom asked:
My ex has receives income from a family trust fund, which I believe is set up as a “discretionary fund”. My attorney tells me that this counts as “income” and I am entitled to this money in the form of child support. The problem is that if I take him to court, the family will stop paying him, while there is litigation..ie: showing that he is NOT in fact receiving money.
Meanwhile, he is living large and I am gettting a small pittance in the way of chidl support. Any advice??
Margaret
My ex has receives income from a family trust fund, which I believe is set up as a “discretionary fund”. My attorney tells me that this counts as “income” and I am entitled to this money in the form of child support. The problem is that if I take him to court, the family will stop paying him, while there is litigation..ie: showing that he is NOT in fact receiving money.
Meanwhile, he is living large and I am gettting a small pittance in the way of chidl support. Any advice??
Margaret
The situation maybe this may help if you tried to talk to him about the situation maybe this may help if you two didnt end on bad terms.
The situation maybe this may help if you two didnt end on bad terms.
An income you were married of such income most trust funds do not show up on taxes as an income.
a Trust is registered at the government and has to file an income tax report just like a company or an individual. If your ex is receiving money from this Trust he has to declare it in his income tax. You can not hide money from a Trust, it’s managed by lawyers and each cent is accounted for. Ask your lawyer to revise your child support after the income tax season, if he has in fact received money from a Trust then your child support will be revised consequently.