Articles Tagged with support modification

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Board Certified Family Law Specialist Matt Arnold answers the question: “How is the amount of child support decided in North Carolina?”

Most people know that it’s important to have health insurance. Same thing with car insurance or life insurance or homeowner’s insurance or renter’s insurance. We rely on insurance, in all its many forms, to protect us when things go badly and we encounter some financial setbacks that we aren’t able to cover on our own. It’s based on this premise that an insurance company recently announced it would begin offering divorce insurance, adding to the long list of insurance that a person could consider paying for.

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Charlotte Divorce Attorney Matthew R. Arnold of Arnold & Smith, PLLC answers the question ” Are overtime, bonuses, and commissions included in calculating child support?”

Everyone knows that income plays a role in divorce. It can impact not only child support obligations, but also spousal support and, in some circumstances, equitable division of assets. What is interesting is that income includes more than just what you earn from working. Income can be from investments, income can be from bonuses and income can also be imputed. Imputation occurs when a court decides that a person should be given credit for earning a certain income, even if it isn’t really being earned.