It may be easy for many in Federal Way to view alimony as a form of punitive action. After all, it is paid by the spouse viewed as being more economically well off, which may make it seems as though they are having to compensate for their ex-spouse’s lack of similar earning potential. Yet in reality, spousal support is meant to be just that. It is only supposed to assist the financially disadvantaged spouse until such point as they are once again able to secure the same standard of living they had while married. As such, alimony is not meant to be permanent, and may not even come in the form of a monthly payment.
This fact is clearly demonstrated in the case of former reality TV personality Jack Osbourne. News of his split from his now-former wife broke last year. The couple’s divorce was recently finalized without having an alimony obligation imposed on Osbourne. He is, however, required to pay his ex-wife a $1 million lump-sum payment on top of the $300,000 has had already given her in order for her to buy a new home. The terms of their agreement also require Osbourne to pay $7,000 every month in child support.
Lump-sum alimony is often an option in many divorce cases. Typically, it is paid to help one spouse afford the immediate expenses of a divorce (such as court costs and attorney fees). Yet it may not be the ideal scenario in every case. Some may need continued assistance over a lengthy period of time, while other cases may not warrant spousal support at all. One may want to consult with an attorney to determine which type of alimony (if any) would best accommodate their circumstances.