Yes, in many cases spousal maintenance can be structured as a single lump sum payment, rather than ongoing payments over time.
Sometimes the payment may be funded by the sale of a large asset like the marital home, where one spouse takes a reduced or no profit, while another method is to take out a loan to fund the lump sum, then pay back the lender.
There are a variety of ways to set up a lump sum payment in divorces where it’s an appropriate avenue.
The advantages are numerous, and can include tax matters, freeing the spouses of an ongoing financial relationship, and more.
For help deciding which maintenance structure works best for your needs, call the attorneys at Zelenitz, Shapiro & D’Agostino at 718-725-9601 for a free consultation.