Lump sum alimony is a one-time payment from one spouse to
the other; this is a final order between the two spouses that cannot be changed
or modified. Although lump-sum payments are generally paid at one time, the
court may allow the payments to be made in fixed installments. For example, if
you are ordered to pay your spouse $50,000, then you may be able to pay $25,000
at the time of divorce and then another $25,000 in six months. This is all
dependent on court approval. All orders are final, so even if your
circumstances change after the order, you are still responsible to follow the
court order.
No comments:
Post a Comment