Lump Sum Payment Child Support? Is that possible?

Question

Hello Everyone

I have a ?. I have a 3 yr old child. His father is not involved and does not pay support as well. Long story. He wants to forfeit visitation and make me an offer for a lump sum payment of child support for the next 18 years. Is this possible. We tried to terminating his parental rights, but were advised it was probably not going to work. Understandbly if this happens the system (govt) fears that mothers will go on welfare etc.. But in this case he wants to pay money and get out of the picture. I know the importance of having a dad so I am not trying to keep him away. The dad admits he is unstable and doesnt want the child. It was also a domestic violence issue as well- which is how we wound up in court. Its too long to give the whole history here. But he never wanted me to have this child and left me when I told him I was 2 wks pregnant...Anyways your knowledge on this is greatly appreciated. Have a good weekend.

Thank you all for your wonderful answers. I intially had a lawyer who screwed me I paid the lawyer 15,000. And all I walked away with is a mutual retraining order. Yes he says he can pay me out within two months. Like I said long history. But something is better than nothing. I know I can get another lawyer and make a deal. If I remember correctly the commisioner said we could not terminate parental rights. I guess if it was that easy all men who didnt want to be fathers would request this, and again they may fear the mother would go on welfare. We would have to get a lawyer to because Im sure he would want something in writing saying I cant go after him for support. But maybe if he makes a lump sum payment and terminates rights that would be possible. Btw I am in the state of CA so if anyone has more info on voluntary termination of parental rights I would appreciate this. Thanks again

No I was never married to the guy so I dont receive alimony. I trust him enough that he wants out of this situation that he will pay off and get out of the picture. He has recently married and doesnt want the drama and I think she doesnt either.

Answer 1

It might be a bit costly but a lawyer is your best choice. My cousin is dealing with a problem similar. The father of her child has been there but now doesn't really want anything to do with his kid for the time being. They got in an argument she went to a lawyer and she found out that there was a lot more things that could happen and that he would owe her a lot more than he was saying. I would spend the money to get a lawyer

Answer 2

Umm, depending on what salary he makes this is what a Judge would decide what he can pay.Do you really trust him?

In many states a man has to pay support until Child is 18 or if in school full-time till 23.

You don't have to pay tax on CHild support but do you get alimony? how long were you married?alimony you pay tax on.

You may need to ask an Attorney these questions.He may be trying to screw you out of money..


Sorry to be blunt.You may want to check with laws within the state you live.Good luck!

Answer 3

Does the father have enough money to make this payment? 15 years X 12 months X monthly support (about $500?) = $90,000. If he has that kind of money, then talk to a lawyer about it. If not, then don't bother. There is no point in looking into it if he can't pay it.

Answer 4

I do know of one case where this was done in the state of WA. However, it will take a good attorney to get this accomplished. The amount should be equal to what you would expect to receive per your state's guidelines over the number of months he would be expected to pay. It should also include the average amount that would be paid in increases due to normal wage increases, etc.
I would also get a good accountant involved and invest most of the money in trust for your daughter. A good accountant can tell you how to invest with the least amount of taxes involved as well as not being taxed so highly upon receipt of the lump sum.
Where to find a good attorney and a good accountant? I would suggest that you call your local women's shelter and ask for the name(s) of the attorney(s) that they refer their clients to. It will be a decent attorney who is not as expensive and is used to dealing with domestic violence cases. Ask the attorney for a referal to an accountant.

Answer 5

Well anything is possible, but frankly paying one lump sum (unless it is ENORMOUS) probably gets him off CHEAP.
This is something you, your lawyers, a good accountant and the courts will have to work out.

In the worst case scenario if the courts won't accept it, he can certainly pay it all up front IN FULL.....and if he's that rich, bless you both and get on with life.

DO NOT allow him to sign his rights away until AFTER he pays the child support, hon. Raising a child is NOT cheap even if he is.

Answer 6

He should be able to relinquish parental rights. That will NOT prevent him from paying child support. If he can come up with a one payment settlement the court should approve that. It may need to be in a trust for the child though, and set up to make you regular payments.

Answer 7

Yes, I have heard this. Be careful, if you get it all at once, it may be taxable income. One possibility would be for him to purchase an Immediate Annuity that would pay you in equal installments over the next 15 years.

Very easy to do, call an insurance agent or financial planner AFTER you call you lawyer/accountant.

Answer 8

lump sum is an option. and so is voluntarily relinquishing parental rights.
who told you that you could not terminate parental rights? hopefully not an attorney. get a lawyer and go to court.

Answer 9

get a lawyer, he could be trying to cheat you!