Reduction in ex‑husband’s $140,000 yearly child support obligation was not warranted, even absent hearing, since he failed to show a substantial, unreasonable, and unanticipated change in circumstances; although ex‑husband claimed his income had decreased from $3.3 million to $651,000, since time of stipulation of settlement of divorce, due to the state of the securities market in which he was employed, he failed to set forth how he had looked for work at a different or larger brokerage firm, or sought new clients or additional work in order to supplement his income, and ex‑husband maintained $5.5 million in liquid assets from which his child support payments could be made.
http://law.justia.com/cases/new-york/other-courts/2012/2012-ny-slip-op-22253.html
Laura Morgan is a Family Law Consultant. Laura is available for consultation, brief writing and research on family law issues throughout the country. She can be reached through her website. www.famlawconsult.com
