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Man seeks child support modification, Twitter shares and $120,000

On Behalf of | Dec 13, 2013 | Child Custody |

There may be occasions when divorce in Ohio is fairly simple and does not take long to finalize. It is not uncommon, however, for complex issues to arise that may require time, money and mediation. When children are involved there are often child support arrangements to be made. Over the years a child’s financial needs may evolve as could the income from the parent funding support payments.

A savvy business woman who lives in Battery Park City, New York and her former husband who lives in Brooklyn divorced in 2007. The couple had twin sons together and the divorce decree allowed for fairly substantial child support payments of $2,465 per month. Although the father reportedly earned $96,000 in 2007, his former wife secretly invested in Twitter before its recent November 7, 2013 IPO.

The ex-wife is still requiring her former husband to make support payments even though she allegedly stashed $10 to $50 million away in the Twitter investment that was not listed in the marital assets when the divorce was finalized in 2007. The husband is seeking 30% of her Twitter shares and wants her to repay him $120,000. The ex-wife is a graduate of the Wharton School of Business and is now the CEO of a tech company.

While it is sometimes possible to finalize a divorce without extensive mediation, it usually requires some negotiation. When a former spouse is required to make payments to support children, modifications to the original agreement are often part and parcel of child support. When people who make or receive support payments for their children need the payments to be modified, it may be helpful for them to speak with an experienced attorney.Twitter investor hid earnings from Brooklyn husband while seeking child support: suit

Source: NY Daily News, “Twitter investor hid earnings from Brooklyn husband while seeking child support: suit,” Barbara Ross and Corinne Lestch, Nov. 27, 2013