By Mike Stetzer
Lump-sump alimony is sometimes referred to by divorce courts as alimony in gross. This type of alimony award is a fixed sum that is paid by one spouse to the other, often regardless of the circumstances of the divorce.
Other situations that may call for termination of alimony payments usually don't affect lump-sum alimony. It may even be possible to have the alimony payment made the recipient's estate, in case he or she dies before receiving the alimony award.
Lump-sum alimony is the only type of spousal support that a person can't petition a divorce court to modify. You may want to speak with a local divorce attorney before agreeing to a lump-sum alimony award since the decision is so permanent.
Divorce courts usually award lump-sum alimony instead of a property settlement when there isn't a lot of property. Lump-sum alimony may also be used by the divorce court as reimbursement alimony during divorce. This will help ensure a spouse is paid for certain expenses, even if he or she doesn't need alimony to help pay for daily needs.
A local divorce lawyer can help you understand alimony law in your state and how it may affect your case. Learn about the financial advantages and disadvantages of lump-sum alimony by calling 877-349-1310 or filling out a divorce case review form today. Connect with a divorce attorney near you to get advice about whether to agree to a lump-sum alimony award or not.
The above summary of lump-sum alimony is by no means all-inclusive and is not legal advice. Laws may have changed since our last update. For the latest information on alimony laws, speak to a local divorce lawyer in your state.