Legal Question in Family Law in New York
in new york can i pay my child support in a lup sum with a contract if my kids mom agres?
Asked on 2/02/11, 5:57 pm
1 Answer from Attorneys
Paula McGill
Paula McGill Attorney at Law
Yes, but be careful. First, you should consult with a lawyer to draft the agreement. Second, even with the advanced payment, she can always seek to modify child support based upon her change of income or yours. Third, there is no guarantee that she won't do something foolish with this lump sum. As a result, it may not be worth the risk to do it.
If you have the money to pay the lump sum, you may want to consider putting it in a interest bearing account and write monthly child support checks. You'll gain some interest from the account.
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Answered on 2/02/11, 6:44 pm