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Does a lump-sum alimony payment make sense?

When a Houston couple is going through a divorce, there are typically many different complications that need to be worked out. This often includes property division, child custody and support and spousal support. In divorce situations where spousal support is present, a lump sum payment may be a good strategy.

A lump sum alimony payment instead of monthly payments has become more popular recently. A lump sum alimony payment may be an option for many couples. It may happen if the spouse has the financial assets to make the payment and the recipient is a responsible spender who has good financial advice as to how to invest the money.

This payment can make sense for many reasons. First, it guarantees the financial support where the traditional alimony payments may not reach their recipient and it can be difficult to have recourse in the situation where the payments are no longer being made. Also, the spouse making the alimony payment may run into financial trouble, lose their job or become disabled which may mean the payments would stop. Also, an ex-spouse may go back to court to try to change the alimony agreement and have it reduced or even terminated. And, if a spouse moves to another state, they may run the risk of losing their alimony payments. A lump sum alimony payment can eliminate these problems and make financial sense.

A legal professional skilled in family law can help a person going through a divorce work through the various options and help determine what makes the most sense for their situation. Each divorce is unique and an attorney is there to stand by their client both during the divorce and after.

Source: forbes.com, "Women, with shrinking options for alimony, a lump sum can be your best strategy", Jeff Landers, June 20, 2016

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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