Lump Sum Spousal Support
type: Class
subclass of: RDeWjTZogrlt1XvduSP1R8s
definition: Lump Sum Spousal Support is a one-time, fixed payment made by one spouse to the other as part of a divorce settlement or agreement. Unlike ongoing periodic spousal support payments, which are made at regular intervals, lump sum support is a single, often larger payment that may be used to equalize the division of assets or to fulfill the spousal support obligation. This approach can provide financial certainty and closure to both parties, as there are no ongoing payment obligations once the lump sum is paid.