What is a Spousal Support Buyout?
A spousal support buyout is when the payor pays the spousal support obligation in one lump sum rather than paying it out over a period of time. It can be done with a cash payment from one party to the other or it could be done through the division of marital property. In other words, one party agrees to give up a portion of their share of the marital assets in lieu of paying spousal support.
Why Might a Buyout of Spousal Support Be Right For You?
Clients consider a buyout of their spousal support obligations for a variety of reason. In my practice, it is most...