In lieu of cash, spousal support can be paid through the property distribution process. This is basically the equivalent of a lump-sum payment since the property is divided during the divorce and the receiving spouse takes ownership of the property at that point.
One can find information about different alimony attorneys from websites like legalmatch. One can also read up on the different types of alimony payments, like rehabilitative alimony, lump sum support, or permanent alimony.
If alimony is appropriate given the circumstances of the marriage then the spouse will likely be required to pay alimony to his ex regardless of whether or not he or she wanted the divorce. The amount will depend on the length and nature of the marital relationship and can be a lump sum or periodic payment. If your ex remarries, the alimony obligation will extinguish.
Lump Sum Future Value Calculator Use this calculator to determine the future value of a lump sum.
Most lump sum payments given in a divorce are not taxable. Lump sum payments that are non-cash property settlements, payments to keep up a standard of living or property are not taxable. However, any lump sum payment given as a form of alimony is taxable.
Lump Sum Present Value Calculator Use this calculator to determine the present value of a future lump sum.
To get a lump sum payout typically involves foregoing monthly installment payments in lieu of a one time lump sum. Many people who win the lottery prefer to have a lump sum taken instead of monthly checks. Although it should be noted the lump sum is less money than if you were to add up all monthly payments, in the long run.
Lump Sum Annual Rate of Return Calculator Use this calculator to determine the annual rate of return of known lump sum starting and ending amount.
There are a few companies that offer lump sum payments for structured settlements. Peach Tree and Settle 4 Cash are two examples of companies that try to get a lump sum.
The advantage of a person paying with a lump sum is that it will affect the interest that a person will pay on the money they have borrowed. Paying a lump sum will also help a person because a person will pay less on their interest and mortgage.
Lump Sum means all in one shot or To be given a full amount at one time, instead of several smaller payments over a period of time. Most people prefer to receive a lump sum.
It is worth more than a one lump sum.
You can get money for settlements faster, in a lump sum instead of payments at www.settlementpaymentsource.com. Another site is www.woodbridgeinvestments.com