legal advice wrote:
My friend receives family support from her ex-husband. She has 2 kids under 18. All assets were divided in the marriage settlement 5 years ago. Splitting investments 50/50, they both ended up with many shares in a pharmaceutical company. She held on to it and it went way up and eventually the company was acquired. She took part in cash to diversify and part in stock in the new company. She does not know if her ex held on to the stock or sold it.
She is now scared because her ex might try to stop paying support because her investments happened to perform very well.
Would he have a leg to stand on?
*Not legal advice*
But the husband might have a chance to eliminate spousal support, but not child support (you don't define what "family" support means). But only through the courts and not by himself
Child support is for the child and usually based on a straight forumula. if there is a significant change then the support should be amended to reflect that change.
While it is upon the non-custodial parent to initiate the change.
I mean look at it another way. if your "friend" lost her job and her husband landed a 7-figure job, you can be certain she would want that change to be taken into account. It works both ways.