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Is there a way I can get out of paying spousal support?

Spousal support, also called alimony, is one of the many money-related issues that can cause contention and complication in your New York divorce. Like other issues, there is no one-size-fits all solution to questions surrounding spousal support, and many couples choose to reach an out-of-court agreement on this matter.

When the issue of spousal support goes before the court, the court has a significant amount of discretion in how much to grant and for what duration. Factors such as the length of the marriage, job status and income levels of both spouses will also come into consideration. However, there are other options than making payments for a significant amount of time. There may be some alternatives available to you.

The option of a lump sum payment

In some situations, it is prudent for the paying spouse to offer a lump sum payment in lieu of regular payments over an extended period of time. There are many benefits to this choice, and there are several reasons why this could be an attractive option for both you and your ex-spouse. Consider the following facts about lump sum spousal support:

  • Accepting a lump sum payment allows both parties to be done with the matter and move forward without worrying about this issue.
  • It could be a financially sound decision that allows the receiving spouse to have a post-divorce financial cushion.
  • A lump sum value must match the total amount of payments in the future.

While there may be some tax consequences associated with a lump sum offer, there is a saying that states a dollar today is worth more than a dollar tomorrow. For your ex-spouse, that could be true, and taking the one-time payment could be better for everyone involved. By paying a lump sum, you may be able to avoid complications over enforcement.

The right solution for you

The right solution for you and your final divorce order depends on your unique situation and your specific legal objectives. If you wish to explore the option of an alternative to regular spousal support payments, you would be wise to ensure the protection of your interests, no matter the course you take.

When addressing sensitive issues pertaining to post-divorce finances and alimony, you would be wise to have experienced guidance for the entire process. Whether you offer a lump sum, negotiate a decision out of court or simply want to ensure that your future financial interests are secure, you would be wise to reach out for help as early as possible in the divorce process.

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