We will refer to divorce settlement payments throughout this website. Divorce settlement payments refer to all payments the Payor is required to make, as stipulated by the divorce decree, in addition to child support (e.g., alimony, private school tuition, college tuition, medical insurance premiums, activity fees and expenses, payments to buy the Recipient out of the Payor's business, etc.).
If the Payor becomes disabled, it ranges from difficult to impossible to continue divorce settlement payments to the Recipient on top of paying his/her own bills. So, the Payor is forced to try and modify the divorce settlement payments.
Child Support: Child support is determined by a formula, in each state, that takes into account the income of both parents. Disability Insurance would count as income if the Payor is disabled.
Spousal Support: If the Payor wants to reduce divorce settlement payments, other than child support, he/she must petition the court to reduce these payments because of a "change in circumstances".
There is not another organization better prepared or equipped to manage the volume and administration of this program than CPS Horizon and DSI. If you are an attorney, CPA, or financial/insurance planner who would like to learn more about this, email me at email@example.com.
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