A friend of mine just went for a child support hearing. He owes 9 years of back child support. Can he request and have it granted by law that the child support payment be deposited into a college savings account for his child?
Categories
Thinking of investing your savings?
While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.
Where to start?
If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.
5 Comments
I love the way people condemn your friend just on the question, and not on facts. There could be reasons no one is aware of that would justify why he didn’t pay for 9 years. I think everyone has a right to be heard BEFORE being judged and hung out to dry…
Now that I have vented, I feel better and will attempt to answer your question.
The judge actually can NOT make that order. Reason: If the custodial parent needs funds, then she would not be able to receive the support if it is ordered into a college fund and the judge who signs that agreement could be held liable and face legal problems. He can’t order the support be with-held from her, even if she agrees. She has the choice herself to put it in a college fund if she wants to. The child support has to go to the custodial parent.
It is possible. However a court will not order this unless it is by agreement of the parties. Even then, a court will want to know how the child’s needs will be supported on a day to day basis. In the normal situation, I really can’t see the mother trusting the father to honor this. He has not paid for 9 years!!!
I hope his child has a good job as he can’t depend on his father it seems. There may be a reason this guy is 9 years behind. However I spent too many years listening to excuses to be easily swayed.
Now if your friend is truly interested in providing for college, he can pay his child support and pay into a college account. It is his job to take care of his child. This would include college. I know the law does not require him to pay for college, but it seems to be his idea to trade his duties to his minor child for a non-duty for a college aged child.
For future child support if both parents agree, but not delinquent child support.
Nope. He has no right to say where it goes. It is owed to the mother for support of the child. She can wipe the child’s butt with it if she wants. He is just being a jerk about it. Real men wouldn’t owe 9 years back support. They would have kept current. Bet he ate 3 squares the whole time he owed it, not caring if his child ate or not. What a loser.
God, I pray you aren’t dating this loser.
If the mother agrees to that. Child support is intended to support the child on a day-to-day basis as it grows, but if both parties are in agreement the judge will approve it.