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Warren Lichtenstein loses in a child support dispute

Child support issues are usually discussed in divorce cases where there are children involved. In Saint Charles, Missouri, parents probably realize that child support issues are not only discussed during divorce, but also in cases where there is a child born out of wedlock. Once the judge has set the amount of child support, both parties must comply with the child support agreement in order to avoid legal conflicts that may affect them after.

Child support disputes are often also highlighted in celebrity or high-profile cases. Recently, Warren G. Lichtenstein, a hedge-fund millionaire, lost a court battle that aimed to reduce the existing amount of child support that he pays to Annabelle Bond, a Hong Kong socialite and mother of his child. The millionaire reportedly pays $50,000 in monthly child support. Based on the court ruling, the Manhattan Supreme Court agreed with the decision of a Hong Kong Court, which instructed Lichtenstein to continue paying the child support. The judge also ordered him to pay $570,110 in back child support and legal fees to Bond.

This case is quite complicated due to the involvement of two different courts. In most cases, the request to decrease the existing amount of child support can be settled through mediation or negotiation. Such requests are often granted by the court if the parents have experienced unexpected life changes such as unemployment or in cases where the current amount of child support is not enough for the everyday expenses of the children.

Both the custodial and the noncustodial parent should consider the situation of each party before requesting a modification in the child support agreement. It is important for parents to understand that child support is for the children, not the other way around. People who are dealing with child support issues should check state laws in order to understand how to proceed with their case.

Source: New York Daily News, "Hedge fund tycoon must keep paying $50G monthly child support: court," Barbara Ross, July 18, 2014

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