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Can I Pay Spousal Support In One Lump Sum?

Yes, spousal support, also called alimony or spousal maintenance, can be structured as a lump sum payment. How these elements are comprised is best worked out by you and your spouse in negotiations.

Some ways that lump sum payments can be arranged include the higher earning spouse taking no profit from the sale of the marital home or other high dollar marital assets, or taking out a loan to fund a lump sum payment.

There are tax implications related to lump sum payments versus ongoing monthly payments, and the tax value of one approach compared to another may be a negotiating tool in itself.

+++++++For many people contemplating divorce, the idea of an ongoing financial relationship with a former spouse is a hard pill to swallow, and any negative tax implications are worth it to be free of the obligation.

Call the attorneys at Zelenitz, Shapiro & D’Agostino today at 718-523-1111 and learn how your spousal maintenance payments can be structured to benefit you.