Stock Markets Exposed

does my ex wife deserve any of the money that i make on the stock market?

we have two kids, i pay my support, never missed! i have a normal job but i have been putting some money in the stock market and have been making big gains! can she ask for more support because of this? i don't think she should be able to cuz this is not a income i can count on!

Public Comments

1. if i answer your question, would you share what stock you're making money on?
2. no, not a single paise
3. you have to pay an amount of your income not wages share profits are income
4. It doesn't matter what you think, the fact is... YES SHE CAN! Stealing the presidential phrase that is.
5. If I were you I wouldn't mention it. You should do your stock trading through an offshore account anyways. I like Singapore, Belize or Panama. But technically she is entitled whenever something good happens to you it happens to her also. Whenever something bad happens to you----well you are on your own
6. You only profit from the stocks when you sell them. As long as you keep them in the market they are not counted as income. I would not think that this would go toward support since it is not reliable or steady income, but that may be something you need to talk to a lawyer about.
7. Here's how it works. The child support amount is based on your annual income. If in 2009 you make an extra - lets say - 20K through stock market, this money will appear as a revenue on your income tax 2009. If your ex ask for her child support to be revised they will consider your total annual income. BUT, if in 2010 you do not get involved in stock market and do not have this extra revenue, you could yourself ask for a revision of your child support to have it taken down. Revisions of child support goes both ways. P.S. This money doesn't go to your ex...it goes to your children.
8. If you had gains during your marriage, and you're going through a divorce your wife might be entitled to some of it; however, if your portfolio is gaining after divorce, i'm not sure if this is considered "income". and how does she know you're making money on the stock market? maybe keep these things to yourself. ??
9. Buy your kids some shoes & clothes.
10. no as long as u pay u're support den i think it shouldn't b a problem.
11. I'm not a lawyer. I am not giving legal advice. You might want to check with one. Logically it stands to reason that if you have a signed divorce agreement in place about what you are supposed to pay and you have been paying on time and in full - there shouldn't be any reason for you be sharing your investment profits with your ex-wife. If you were to get a job that paid you more than you're making now then she might be able to go back and ask for more child support. As for the profits from the stock market (after you pay the taxes) you can always give your children of your own accord some unexpected extras that add to their quality of life - a vacation with dad - a new computer to do their homework - a trust fund that they can count on for college, etc. but that's at your discretion.
12. Anyone can go to court to seek additional monies for child support, but the decision is made by the judge..per state guidelines and laws..child support is based on income of each parent..consult a lawyer about investments
13. anyone can ask. but i don't think the court will approve it!