I have been curious about how inheritance is handled in the context of child support. Is inheritance considered income, and how does it affect the amount of child support payable? Any insight would be much appreciated!
Inheritance itself usually isn’t counted as income for child support. Think of it as a one-time windfall, not regular earnings. However, if the parent who inherits uses that money to significantly increase their income (like investing it and earning interest), that might affect child support. It’s always best to check with a lawyer or court official in your area for the specifics, as inheritance laws can vary.
Yes, you are right. Inheritance itself usually isn’t counted as income for child support. The income generated from the inheritance, like interest on invested money, could be considered income affecting your child support payments. Courts also have some discretion, so depending on the situation, a large inheritance might be factored in to ensure your child’s needs are met.