Legal Question in Family Law in California
I have paid child support for $7000 a month for two years. My employment condition changed and I am planning to join a startup. As a result, my salary will be reduced to half and I will receive options. I think I can ask for a reduction on child support based on my new salary, but do I need to give away options as part of the child support?
Asked on 11/20/15, 11:21 am
2 Answers from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
Stock options are income. Also the court can use your ability to earn to set child support. Your should consult with an attorney as soon as possible so you can take the appropriate action.
Answered on 11/20/15, 4:40 pm
Arlene Kock
Law Offices of Arlene D. Kock APLC
Your election to leave your paid job may result in the court imputing income at you last employment income. Please meet with an experienced family law attorney to assess your legal options.
Answered on 11/21/15, 12:41 pm