Lump Sum Alimony

Lump sum alimony is a one-time payment made from one spouse to another after a divorce, instead of ongoing monthly payments. This financial arrangement is designed to provide support to the lower-earning or non-working spouse, allowing for a clean break from financial ties. Once the lump sum is paid, the paying spouse is typically released from any further alimony obligations. This type of alimony can simplify matters by avoiding future disputes over payments but requires careful consideration of both parties' financial needs and circumstances.