Is there a one time settlement in divorce?

Answer 1

Instead of monthly payments, the parties can agree (or the court can order) one party to pay a lump-sum amount to the other. In this instance, the spousal support is in the form of a one-time payment and is often done instead of an adjustment in the property settlement. Lump-sum alimony can also present some tax advantages and is usually paid regardless of whether or not the receiving spouse remarries or satisfies some other type of exception that would normally end a spousal support order.

Answer 2

Yes, it is possible for couples to reach a one-time settlement in divorce, often referred to as a lump sum settlement. This involves agreeing on a specific amount of money, property, or other assets to be paid or transferred at one time to settle all financial aspects of the divorce. The terms of a one-time settlement can be negotiated and agreed upon between both parties or may be determined by a court if the couple cannot reach an agreement.