South Dakota Codified Laws 25-7-6.5. Assets considered when income insufficient
Current as of: 2023 | Check for updates
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If a child’s needs are not being met through the income of the parents, assets shall be considered. If the parents have savings, life insurance, or other assets in amounts unrelated to income, these holdings shall be considered. The parents’ ability to borrow may be used to determine financial ability.
Terms Used In South Dakota Codified Laws 25-7-6.5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1989, ch 220, § 5.