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Dow Jones Heir?s Child Support Obligations Are Increased Dramatically After His True Income and Assets Come Out

By Janet Langjahr

Husband and Wife divorce in 1997.

Husband is ordered to pay child support of $512 per month for Daughter.

Now, a court has ordered Husband to pay about $5,000 more in monthly child support than was previously ordered.

The court has also ordered retroactive support of $160,000 to adjust support for prior years.

Husband characterizes these rulings as “absolutely laughable”.

The judges aren’t laughing though.

It turns out that Husband is an heir to the Dow Jones fortune, with trust funds valued at at least $4 million at the time of his divorce.

The court has found that Husband deliberately concealed his assets.

Husband maintains that he had no knowledge of his trust funds until after the divorce.

It is unclear whether Husband voluntarily came forward on his own to dislose his tremendous trust fund assets when he allegedly discovered them.

Read more in this WAOW TV 9 article: Dow Jones heir: Child support ruling ‘laughable’ and this Dubuque [IA] Telegraph Herald article: Wisconsin: Wealthy heir blasts back child support ruling.

Full post as published by Florida Divorce - Child Custody - Domestic Abuse Law on February 17, 2009 (boomark / email).