DIVORCE LUMP SUM ALIMONY

Lump-sum alimony, or alimony in gross, refers to alimony that is a fixed payment that will generally be made regardless of circumstances that would be a basis for the termination of other alimony types. For example, lump-sum alimony, or alimony in gross, normally would be paid even if the recipient remarries. Depending on the wording of the agreement or order, payments could also be made to the recipient’s estate in the event the recipient dies. 

This type of alimony usually is instead of a property settlement. Depending on how the alimony is structured, it could provide a tax advantage to the payor by deducting the payor and income to the recipient. Lump-sum alimony, or alimony in gross, could be used as a type of reimbursement alimony to ensure that one spouse is paid back for certain expenditures, even if the recipient remarries, cohabits with someone, or does not otherwise need the alimony for day-to-day support. 

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