In this work, we study the critical behavior of second order points and specifically of the Lifshitz point (LP) of a three-dimensional Ising model with axial competing interactions (ANNNI model), using time-dependent Monte Carlo simulations. First of all, we used a recently developed technique that helps us localize the critical temperature corresponding to the best power law for magnetization decay over time: M m 0 =1 ∼ t −β/νz which is expected of simulations starting from initially ordered states. Secondly, we obtain original results for the dynamic critical exponent z, evaluated from the behavior of the ratio F2(t) = M 2 m 0 =0 / M 2 m 0 =1 ∼ t 3/z , along the critical line up to the LP. Finally, we explore all the critical exponents of the LP in detail, including the dynamic critical exponent θ that characterizes the initial slip of magnetization and the global persistence exponent θg associated to the probability P (t) that magnetization keeps its signal up to time t. Our estimates for the dynamic critical exponents at the Lifshitz point are z = 2.34(2) and θg = 0.336(4), values very different from the 3D Ising model (ANNNI model without the next-nearest-neighbor interactions at z-axis, i.e., J2 = 0) z ≈ 2.07 and θg ≈ 0.38. We also present estimates for the static critical exponents β and ν, obtained from extended time-dependent scaling relations. Our results for static exponents are in good agreement with previous works