Find out what method of spousal support would be more beneficial to you, whether you are paying or receiving payment.Click to read the article.
The answer depends on whether you are paying or receiving support. Here are some pros and cons to consider, from the perspective of the person who would be paying:
Here are some pros and cons from the perspective of the person who would be receiving:
Each case, of course, has its own unique aspects; what works in one case may not work or even be appropriate in another. Your attorney and a competent matrimonial accountant can help you evaluate whether you should consider a lump-sum payment.
Henry Guberman is the partner in charge of the matrimonial accounting department of Parente Beard LLC. He is Certified in Financial Forensics, and Accredited in Business Valuation with the AICPA. He is also a Certified Divorce Financial Analyst with the Institute for Divorce Financial Analysts. He has been a CPA since 1980 and has extensive experience in providing expert consulting and testimony services to assist counsel and their clients in marital disputes. He can be reached at (212) 736-8269.