What is a lump sum payment of child support?

A lump sum payment of child support is a one-time payment that is made to cover all or part of a child’s support obligation. Lump sum payments are typically ordered by a court when both parties agree that such an arrangement is better than continuing to pay on an ongoing basis. In Florida, lump sum payments are often used to catch up on past due support payments. The lump sum payment is paid all at once, rather than over a period of time, resulting in a single payment rather than a series of payments over time. When a lump sum payment is ordered by the court, it must be paid in full, with no exceptions. The payment must include any fees or interest that may have accrued prior to the payment. The lump sum payment is typically paid directly to the parent who is owed the payment, rather than to the court, but the court will monitor the payment. In Florida, the amount of the lump sum payment is usually based on the amount of unpaid support owed. It can also be based on the income of both parents or be calculated using the guidelines set forth by the court. The amount of the lump sum payment must be approved by the court and it must be signed off on by both parties. When both parties agree to a lump sum payment, it can be a great way to settle unpaid child support payments in a timely and efficient manner. However, it is important to make sure all parties comply with the agreement and the payment is made in full.

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What is a lump sum payment of child support?

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