Can Alimony Be a One-Time Payment?

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Alimony is one of the most contentious issues couples face when dissolving their marriage. Alimony, also known as spousal support or maintenance, is a type of financial support awarded to a dependent spouse to maintain the quality of living they were accustomed to during the marriage after the divorce. Regardless of whether you’re entitled to receive support or obligated to pay your ex-spouse, you may be wondering whether it’s better to reach an agreement on lump sum alimony or with monthly payments. Please continue reading to learn how one-time alimony payment works and how a knowledgeable Suffolk County Alimony Attorney can help you make an informed deicsion on which option is better suited for your particular needs. 

What Are Lump Sum Alimony Payments?

Firstly, it’s crucial to understand that alimony isn’t automatically awarded. If you and your ex-spouse are employed and have comparable incomes, the court will unlikely award alimony as there’s no need for financial support after the divorce. However, the court is more likely to award alimony if the divorcing couple has a significant financial discrepancy. They will determine if the lower-earning spouse needs this support and if the higher-earning spouse can afford it. If the court awards alimony to a dependent spouse, they can decide on monthly or lump sum alimony.

Lump sum alimony is a type of spousal maintenance that fulfills a person’s entire alimony obligation with one lump sum payment. Essentially, it is paid in one payment instead of period payments over a specific time. However, the court will have to approve a lump sum payment agreement. The total sum must equal the total amount of future monthly payments. It’s crucial to understand that every case is different, meaning what may work for one couple isn’t always appropriate for another. Therefore, fulfilling an entire alimony obligation is not always possible, as the paying spouse may not have enough money to pay off the total amount at once. In this case, the higher-earning spouse must pay monthly alimony installments.

What Are the Benefits of a One-Time Alimony Payment?

This alternative to making monthly payments to a dependent spouse has many advantages. One of the various benefits of this option is that you can avoid a drawn-out obligation to the other spouse and avoid monthly communications. Another significant benefit is that you won’t worry about your ex-spouse missing future payments. This means you can use the funds to start afresh, purchase a home, or pay off divorce-related debts immediately. Furthermore, the paying spouse can significantly benefit from this option because if they ever found themselves unemployed or facing financial hardships, they wouldn’t have to worry about making monthly alimony payments.

Whether lump sum alimony is better suited for you than monthly payments depends on several factors. Please don’t hesitate to contact our adept Suffolk County alimony attorneys, who can help determine if lump sum alimony suits you. We are prepared to represent your interests today at The Law Offices of Susan A. Kassel, P.C.

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I hired Susan to represent me in a divorce matter where I was fighting for custody and to limit my wife's equitable share of our assets. I won custody of our son, kept the marital residence, kept my professional practice, kept my building and paid less than half to my wife. This was after a long-term marriage. She could persuade the court that equitable is not equal and sometimes the man does deserve to win!

‐ Dave

I first must say that I had been represented by two prior attorneys both of whom had simply taken my money and left me nothing to show for it in my custody case. They kept telling me what they were doing for me but I found out they were lying. Susan on the other hand had gotten me temporary custody and support for my children and myself within two months of hiring her. I cannot say enough about her.

‐ Craig

After talking to a few other attorneys, I hired Susan to represent me in my divorce and custody dispute. I was reluctant to go with her because she was the cheapest out of all the other attorneys I met with, but I'm so glad I did. I am 100% positive no one else would have done such a great job with my case as Susan and her staff. Her work is quality, her staff is reliable and her character is honorable. There...

‐ Linda

I had a very difficult case where I had already burned through two attorneys who were unable to get me custody of my children and complete my divorce. Susan was able to rapidly work out an agreement and not let it just malinger on like my previous experiences. She was also considerate of my financial situation unlike all of the other lawyers I had spoken to. I highly recommend her if you want complete and caring service with an in-depth knowledge of...

‐ Joanne


The Law Offices of Susan A. Kassel, P.C. proudly serves clients throughout Suffolk County, New York in their divorce, family law, and estate planning matters. If you require the services of an experienced Suffolk County attorney, schedule a consultation with The Law Offices of Susan A. Kassel, P.C. today.

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