Lump sum alimony payments are usually paid in a single installment (although it can also be paid in installments over time).
As a one-time payment, lump sums are usually best when one spouse doesn't want to financially deal with an ex-spouse in an ongoing fashion. Plus, there is the convenience of completion—it's done. No more checks.
A lump sum payment cannot be changed or modified.
Unlike periodic alimony, lump-sum alimony usually is not accompanied by any tax benefit or burden and usually is not modifiable.
Visit our alimony section for more information about the other major types of alimony.