I would like to consider offering to make a lump sum pmt and then limiting the monthly support payments to say 5 years rather than open ended. For example a lump sum of $50,000 with monthly payments of $1,000 per month for 5 years. I understand that the lump sum would not be taxable income to the recipeint nor deductible by me, but that the insatllemt payments would be taxable/deductible.
My ex is over 45 and the marriage lasted 20 years. My lawyer is telling me that this is not a good approach because the ex could burn through the money and go back to the court and ask for more, but that that a larger one-time payment with no monthly suuport and getting a full and final elase would preclude the ex from coming back for more. Is thsi true?
What about an inital lump sum of $50,00 and then four intsallments of say $12,500 every 6 months for two years; could the ex come back uner that scenario?
My ex is over 45 and the marriage lasted 20 years. My lawyer is telling me that this is not a good approach because the ex could burn through the money and go back to the court and ask for more, but that that a larger one-time payment with no monthly suuport and getting a full and final elase would preclude the ex from coming back for more. Is thsi true?
What about an inital lump sum of $50,00 and then four intsallments of say $12,500 every 6 months for two years; could the ex come back uner that scenario?
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