Lump-Sum Alimony
A one-time, fixed payment of spousal support rather than ongoing periodic payments.
Understanding Lump-Sum Alimony
Lump-sum alimony provides a clean financial break between the spouses by settling the support obligation in a single payment or a fixed number of installments. Unlike periodic alimony, lump-sum alimony is generally non-modifiable and does not terminate upon the recipient's remarriage or cohabitation. It may be paid in cash or through the transfer of property. Lump-sum awards are often preferred when there are concerns about the paying spouse's reliability or when both parties want to minimize ongoing financial ties.
Real-World Examples
Instead of monthly payments for 10 years, he agreed to pay $180,000 in lump-sum alimony funded by his share of the retirement account.
Related Terms
Another term for spousal support or alimony — regular payments from one spouse to another after separation or divorce.
GarnishmentA court-ordered process where a portion of a person's wages or bank accounts is withheld to pay a debt such as child support or alimony.
Marital Settlement AgreementA written contract between divorcing spouses that resolves all issues including property division, custody, and support.
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This definition is provided for educational purposes only and does not constitute legal advice. Divorce laws and terminology may vary by state and jurisdiction.
Always consult a licensed attorney in your area for advice specific to your situation.