Is a lump sum payment acceptable in lieu of regular child support payments?

In New York, a lump sum payment is not typically considered an acceptable form of child support payments. This is because the payment of child support is designed to ensure that the child’s living expenses are met on an ongoing basis. As such, a lump sum payment is not viewed as a reliable source of support, since the payment can be used up quickly. The court understands that in some cases, parents may be willing to pay a lump sum in lieu of regular payments. However, the court may not view this as an ideal solution, as it is not a reliable way to ensure the child’s needs are met. If the parent paying the lump sum runs into financial difficulties, the regular payments may have to be stopped, leaving the child without the necessary support. In order to have a lump sum payment accepted by the court, the parent must provide evidence that the lump sum is sufficient to cover the costs of the child’s living expenses for a specified amount of time. Additionally, the court will need evidence that the lump sum will remain accessible and not be depleted by the parent paying the lump sum. If the court is satisfied that the lump sum will provide adequate support for the child, they may accept it as an alternative to regular payments.

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Is a lump sum payment acceptable in lieu of regular child support payments?

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