Articles
- Dictionary of Common Terms
- Establish Paternity
- Legally Lower your Income
- How to Protect Assets
- Reduce Child Support with SSI
- Discovery Process
- Modification by Consent Agreement
- Automatic 3 Year Review
- Optional 3 Year Review
- Significant Change in Circumstances
- Petition to Modify Support Order
- Contest Arrearages
- Stop Tax Refund Intercept
- Sample Child Support Interrogatories
- Sample Request to Produce Documents
- State CSE Agencies
- DNA Testing and Fathers Rights
- End Jail Time
Legally Lower Income
There are several ways to reduce your income without compromising your lifestyle. The most important aspect of lowering your income is to keep your money separate from your new spouse's money!
Once money is co-mingled through joint accounts it is difficult if not impossible to determine the source of the income. Therefore, a review of bank statements or other account statements would reflect both incomes and result in a higher child support order.
One method for reducing your income is by shifting some of your income to your spouse. Those who work on commission or are self-employed can accomplish this quite easily. Commission workers can enlist their spouse as a sales representative as well and share commissions with her. Therefore, the household income remains the same but your personal income is decreased by as much as half. Self-employed individuals can add their spouse to the payroll. Hire her as a manager and pay her well.
Again, this reduces your income while maintaining the household income. You can also add your children to the payroll for odd jobs. All of these salaries reduce your net income and since child support orders are based on income, they reduce your child support order.
Another method for reducing your income is to rent from your spouse or parents. You can rent your home office, cars, and equipment from your spouse. This will also maintain your household income but reduce your personal income.
A third method for reducing income is to allow your spouse to save for the family and spend your income for household bills. Since you have separate accounts, the interest income is considered income for your spouse and not you! A word of caution regarding this method of income reduction; this will not work in all states unless a prenuptial agreement is signed.
You can also defer income increases until after the order is established. Postpone receiving commission checks or accepting pay raises until the child support litigation is completed. You can also inform your boss you would prefer increased fringe benefits rather than pay raises.
One method for reducing your income is by shifting some of your income to your spouse. Those who work on commission or are self-employed can accomplish this quite easily. Commission workers can enlist their spouse as a sales representative as well and share commissions with her. Therefore, the household income remains the same but your personal income is decreased by as much as half. Self-employed individuals can add their spouse to the payroll. Hire her as a manager and pay her well.
Again, this reduces your income while maintaining the household income. You can also add your children to the payroll for odd jobs. All of these salaries reduce your net income and since child support orders are based on income, they reduce your child support order.
Another method for reducing your income is to rent from your spouse or parents. You can rent your home office, cars, and equipment from your spouse. This will also maintain your household income but reduce your personal income.
A third method for reducing income is to allow your spouse to save for the family and spend your income for household bills. Since you have separate accounts, the interest income is considered income for your spouse and not you! A word of caution regarding this method of income reduction; this will not work in all states unless a prenuptial agreement is signed.
You can also defer income increases until after the order is established. Postpone receiving commission checks or accepting pay raises until the child support litigation is completed. You can also inform your boss you would prefer increased fringe benefits rather than pay raises.
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