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Lump-Sum Alimony


Lump-Sum Alimony


Lump-sum alimony, also called alimony in gross, refers to a fixed alimony payment that is made regardless of circumstances,and is grounds for ending all other types of alimony.  For example, lump-sum alimony would be paid even if the recipient remarries and even, depending on the specific wording, to the estate of the recipient, if the recipient dies.

Lump-sum alimony may be made instead of a property settlement.  Depending on the exact structuring of the agreement and payment, lump-sum alimony may serve as a tax advantage to the payor by being deductible and income to the recipient. It could be used as a type of reimbursement alimony, to ensure that one spouse is paid back for certain expenditures, regardless of if the recipient remarries, cohabits with someone, or does not otherwise need the alimony for day-to-day support.


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Divorce Resource Center

  • Making the Decision
    Weighing the possible impact of divorce and exploring alternatives to divorce.
  • Understanding the Process
     The family court process, key decisions to resolve, alternative dispute resolution, and more.
  • Property Issues
    Division of property and assets, and the impact on spefics like the family home, pensions, and insurance policies.

     

  • Parenting After Divorce
    Tips for divorcing parents in relation to their children and children's reactions to divorce. 
  • Spousal Support - Alimony
    Types of spousal support, eligibility, and calculating the amount of support.
  • Laws
    Divorce and child custody laws in all 50 states.
  • International Divorce Law
    An overview of the laws concerning international divorce.






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    September 04, 2008
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