Many high-earning individuals may be subject to extreme fluctuations in income. A professional athlete’s playing career may be ended abruptly by injury. A corporate executive may be unexpectedly forced out of his/her position. A sudden shift in popular tastes may mean that a music or acting star loses his/her contract with his/her recording label or filmmaking studio. A high-earning real estate broker may suffer a severe reduction in income due to a recession that greatly reduces the number of people buying new houses.
In any of these cases, the financial setbacks may have many impacts, especially if that high-earner is also subject to a court-ordered child support obligation. When that happens to you, you need to know what you can do to obtain relief from the Florida courts. For that kind of legal help, look to an experienced South Florida family law attorney to advise you regarding your specific situation.
An example of this type of scenario was the child support case of J.V., who was a highly accomplished professional football player originally from Miami-Dade County. While playing professional football in New Orleans, the player had a child with B.B. In 2015, the parents entered into what’s called a “consent judgment” in Louisiana. A consent judgment is a judgment issued by a judge but whose terms are established as a result of an agreement between the parties. The Louisiana judgment established timesharing and child support, among other things.