We live in a topsy-turvy world where teenagers can become millionaires by racking up followers on social media, investing in cryptocurrencies, or running popular YouTube channels. On the other hand, this situation is nothing new. Even before the internet, there were child film stars who earned more than the average adult. The real question is simple: Do you still need to pay child support if your child is earning more than you ever dreamed possible? The answer is not as straightforward as you think.
Your Child Support Does Not Stop if Your Child Gets a Job
Putting the million-dollar child star scenario aside for a moment, it is important to understand what happens if your child starts earning money. The key point is that your child support obligations are not affected in the slightest by the fact that your young one is working.
The reason is simple: It is not a minor’s responsibility to pay for their own shelter, food, and other necessities with their own income. A child also cannot be trusted to make responsible purchases with the money they earn, as they are likely to make frivolous purchases rather than covering their own necessities. This means that a parent is always obligated to pay for their living costs.
What if My Child is Earning Millions?
If your child is earning millions as a child star, YouTube star, social media influencer, or something similar, the situation may be slightly more complicated. In many states – most notably California – Coogan’s Law requires parents to put their child’s income aside in a special trust that cannot be accessed. However, no such law exists in Georgia, and that income is said to be “family money.” This means that a parent could simply take a child’s income. It is up to them whether they put that money aside for the child when they turn 18 – or whether they keep the money for themselves.
If you can provide evidence that your ex is simply keeping the money for themselves and spending it on personal expenses, this may constitute a substantial change in circumstance. This may then allow you to modify your child support agreement and pay less each month based on the income that your child is providing to your ex. Of course, this situation can be extremely complex – so it is always a good idea to speak with an attorney for more specific guidance based on your unique situation.
Where Can I Find a Child Support Attorney in Georgia?
If you have been searching for a qualified, experienced child support attorney in Georgia, look no further than Lankford & Moore Law. Over the years, we have encountered all kinds of different child support situations. We’re no strangers to high-net-worth divorces, and we know that when you start dealing with millions of dollars, things can get complicated very quickly. Whether you want to lower your child support obligations or receive your fair share, we are here to help. Book a consultation today to get started with an effective action plan.
