Why Adopting Your Partners Child Means Your Liable for Child Support

When creating a blended family, one might consider adopting your partner’s child as a sign of your love extending to your partner’s family. However, you must consider the possible ramifications of engaging in what you consider an act of love. You could be chased down for child support in the future. 

In certain circumstances, it makes sense to adopt a child that is not your flesh and blood and actually quite admirable. For example, there are cases where the child’s other parent has never been in their life and you have raised them as if they are your flesh and blood. But if you have no real connection to a child, then you may not be so happy about the consequences of your emotion based decision to adopt. 

When you adopt a child, they become just as legally your responsibility as if the child were your flesh and blood. That means that even if you and your partner get a divorce in the future, your partner can file a petition for child support against you and you will be responsible for supporting that child until the age of 21 in New York. The bottom line is that you should always consider whether you are willing to take on the responsibility no matter what may happen between you and your partner in the future. 

The flip side of this is that if you are the natural parent of the child, you should also consider whether you want your partner in your child’s life no matter what happens in the future. The adopting parent also has a right to custody and visitation. What if you lose custody? Are you willing to take that risk? 

If you are defending a child support, paternity or child custody or visitation petition, or seeking to bring one, contact Diana Mohyi Attorney at Law P.C. to obtain reliable advice on the subject. 

Why a Prenuptual Agreement is a Key Business Protection Tool

Under New York Law by default, all property is considered marital property. It is the burden of proof of the party claiming that the property is separate property, to prove that it is separate property. Even if the property is clearly separately owned by the titled spouse, the court will order an expert to be hired to value the property to assist the court to determine the value of any equitable distribution that may be awarded. Every business owner should consider a prenuptial agreement an essential insurance policy. Both the process and costs of business valuation can cripple a business.

Imagine owning a business for 20 or 30 years and being required to turn over to an expert all financial documents from your files. They need the documents so they can conduct a forensic evaluation to determine whether you hid money or improperly accounted for profits on your tax returns. That would be alot of paper which means alof billable hours for the forensic evaluator. Imagine turning over documents from the last 3-5 years. That too may be a daunting task. 

Having a prenuptial agreement in place shifts the burden to the spouse who does not own the business to prove the property should be martial property. A prenuptial agreement, if done correctly in both procedural execution and substance, is solid evidence that the business was separate property. That means it would not subject to evaluation by an expert for valuation and you and your employees can continue doing the work that makes your business profitable. Some experts may charge $5000 for a small closely held company but when you have more documents in a larger business, expect the rates to skyrocket. 

If you are interested in learning more about how a prenuptial agreement can protect you and your business, contact Diana Mohyi Attorney at Law for a consultation. 

Why a Billionaire Does Not Pay Child Support Based on His Entire Income

In New York, child support for one child is generally 17% of the combined income of the parents combined income. However that does not mean that the child support seeker can get 17% of a billionaire’s income. Courts may apply the 17% to the total combined income but they are not required.

The court will generally calculate that child support is 17% of the both parents’ combined income up to an income cap.The income cap changes every year to keep up with economic factors like inflation. The 2019 combined parental income cap is $148,000.

It is up to the child support requester to prove why the child needs support calculated on the rest of the income beyond the cap. Generally that is accomplished by proving that the child previously enjoyed a certain standard of living before the parents split, that must be maintained, or that the child has a need for a certain amount of support. 

Child Support not only includes a percentage of the combined income but also includes ‘ad-on’ payments for other things that a child might need such as education, medical care and day care expenses. 

Beware that there is also a Self-Support Reserve which puts a limit on the amount of child support a payor must pay. The 2019 self support reserve is $16,862. The minimum support a payor must pay is $25.00 per month with an arrears cap of $500. If the payor has other children he is paying support for, that amount comes out of his income before a calculation of support is done for the newest child. The requirement to pay child support cannot put a payor below the poverty income level. In 2019 that poverty income guidelines amount is $12,490.

If you are seeking child support or need to defend a petition for child support, contact Diana Mohyi Attorney at Law P.C. to learn more. 

Family Court vs Supreme Court – The Cost Benefit for Custody Proceedings

Even Miranda Priestly had to go to think about the best option to get custody of her twins so why wouldn’t you?  Different costs and benefits exist in a decision to start the dissolution of your family unit in family court versus supreme in a New York Custody battle. 

As I mentioned in a prior post, you cannot get a divorce in family court. However, you can get custody in family court and then go to supreme court to finnish off the financial aspects of the divorce. The benefit is that family court has zero filing fees and can be a relatively quicker process than supreme court. As a result your attorney fees could potentially be less if you started the dissolution of your family unit in family court. Also, your children would not be in limbo about what the final custody arrangement ends up being. The order from the family court would be introduced to the supreme court when the divorce action commences as proof that this aspect of the divorce was resolved. 

The benefit of starting the action in supreme court is that the entire proceeding is before the same justice. That justice would get to know the family dynamics of your case that would necessarily impact your finances. You would not have to get used to the particular habits of two different judges. Your divorce lawyer, who would handle the supreme court matter may have more interaction with the supreme court judges than the family court judges. The atmosphere of the family court is more pro se friendly. Family Court judges are more used to dealing with self represented litigants. Although not recommended, this is important if you only have finances to hire a divorce attorney to resolve your financial issues in supreme court. 

If you are considering whether to pursue a custody order in family court or commencing a divorce in supreme court which involves custody issues, call Diana Mohyi Attorney at Law P.C. Two heads are better than one. 

 

When is a Child Support Modification a Bad Idea?

You see your ex in a brand new car and you rush to file a petition for an upward modification of child support in family court. What could possibly go wrong? 

A Child Support Modification is typically allowed every three years, when the party’s income changes by at least 15% and only with a substantial change in circumstances. 

When bringing a child support petition it is important to be absolutely certain that the child support payor’s income has increased significantly enough that such a motion would be fruitful. Otherwise you will waste alot of time and attorney fees for nothing. Furthermore, if the payor’s income has dropped significantly or your income has increased significantly over the years, you may end up being paid nothing. In certain circumstances, where physical custody is shared, you may end up paying the other party child support.

An increase in income  also includes imputed income from other sources that may have caused a dramatic improvement to the payor’s standard of living. For example, the ex may be receiving money from a significant other or their parents which is also part of the child support calculation. 

If you suspect that the child support payer in your life has dramatically increased in their income, contact Diana Mohyi Attorney at Law P.C. for a consultation. She can be your partner in this matter to help you avoid mistakes that cut into your ability to care for your child.

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