Sunday, March 23, 2014

MISSISSIPPI Part 24

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.

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