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Winnings/ Bonus

3xmom's picture

Submitted by 3xmom on Wed, 02/22/2012 - 3:40pm

Hypothetical question. If I were to win any money or get a bonus, or inheritance is it also considered a part of my husband's income since we're married....?

Comments

karenemoy's picture

Submitted by karenemoy on Wed, 02/22/2012 - 3:53pm

Inhertance is not considered part of income and the estate is responsible for paying all the taxes.

Jsmom's picture

Submitted by Jsmom on Wed, 02/22/2012 - 4:58pm

Yes - This is why you get a pre-nup to protect it. Are you talking about taxes on it? Then it is the party that received it is responsible to pay any taxes due...Inheritances usually come out of the estate depending on how it was written.

If you file jointly it is both of yours...

not2sureimsaneanymore's picture

Submitted by not2sureimsanea... on Wed, 02/22/2012 - 8:50pm

And this is why you don't file jointly and keep BM out of your financials if it's the last thing you do. If she requests them, tell her she can go suck it and get a freakin' subpoena. Also, write a will, as as soon as you can.

(as someone who is set to inherit quite a bit, this is the best advice I can give anyone when it comes to money.)

Rags's picture

Submitted by Rags on Thu, 02/23/2012 - 7:12am

Generally the answer is no, your income is irrelevevant to CS and is not considered part of your DHs income for calculation of CS. Your bonuses or inheritance should in no way be considered for the CS obligation your DH owes for his non-joint children.

However, the idiot bottom 10%ers of legal profession that often end up on the family law bench have ways of getting to your income though indirectly in most cases and generally in a very minor way.

In my case the dipshits in the black robes gave my kid's (SS) SpermIdiot a $1000/mo income credit due to "StepDad makes a significant income and the (SpermIdiot) should not be penalized by having to contribute to an artificially elevated standard of living for the child". So, DipShit's income was reduced by $1000/mo for the calculation of CS.

Not a huge deal. The credit only lowered his CS by ~$50/mo so in the relative scheme of things it was no true advantage to him and no true harship for us. We never needed his money anyway.

However, the principle that he could benefit in any way from my income just pisses me off to this day and my SS aged out from under the CO nearly 2yrs ago.

It is my understanding that income you generate is not considered for calculation of CS even if you do file married/joint for your taxes. I am very confident in this but you should verify with an attorney in your area of residence or where the CO is resident if you do not live where the CO was issued.

All IMHO and experience of course.