RD- an actual child support client
"My case was handled quickly and with ease."
01/10/2014
RD- an actual child support client
"My case was handled quickly and with ease."
01/10/2014
“Prospective clients may not obtain the same or similar results.”
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Alimony: Lump Sum or Periodic?

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Whether or not a person decides to ask for traditional alimony or lump sum alimony depends on a number of factors. According to Gainesville lawyer J. Mark Dubose of the Law Office of Alba & Yochim P.A., there are upsides and downsides to both options.

In cases where there is reason to believe that the spouse who is being ordered to pay alimony might not be living for very many more years, lump sum alimony is almost always the preferable option. According to Dubose, the main benefit in opting for lump sum alimony is that the spouse who is receiving the money will get it all at once.

In situations where the person who is receiving the alimony is smart with where he or she investments the money, the person could end up with much more in the long run than if he or she had opted for traditional alimony payments. On the other hand, Dubose cautions that in many scenarios – specifically, those in which both divorcing partners are expected to live for many more years – traditional alimony payments may be the smarter option. Traditional alimony payments work similarly to paychecks in that they come at regular intervals.

As far as paying alimony goes, Dubose says that a person ordered to pay alimony via a lump sum may end up paying less all in all. A person who outlives his life expectancy, Dubose explains, will generally save money by choosing the lump sum option. And once the lump sum payment has been made, the person can quit worrying about having to make payments each month. According to Dubose, it is very common for couples to choose the lump sum alimony option when they can afford it. Unfortunately, Dubose says, most people do not have that option due to financial constraints. Nonetheless, as a lawyer in Gainesville, Dubose says that the majority of his wealthiest clients do favor the lump sum option since it means that they won’t have to continue making monthly alimony payments for the long haul.

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