What is a lump sum payment of child support?

A lump sum payment of child support is a one-time payment made to fulfill the full amount of a court-ordered child support obligation. It is a payment of all future support payments in one lump sum. In Pennsylvania, a lump sum payment of child support is normally used as the result of an agreement between the parties involved. The payment is typically used when both parents agree that it is in the best interest of the child to receive a lump sum payment in lieu of receiving regular support payments. The court must approve a lump sum payment before it can be enforced. When deciding on the amount of a lump sum payment, the court will consider a variety of factors, including the income and expenses of the paying parent, the needs of the child, and the amount of support the paying parent can reasonably provide. The court may also require additional documentation, such as a financial statement, to ensure that the payment is appropriate. In Pennsylvania, child support payments are typically made until the child turns 18 or has completed high school, whichever occurs later. However, a lump sum payment can be used to fulfill the full amount of the court-ordered obligation in one payment. This allows for a quicker and easier resolution to the case, even when the paying parent does not have the ability to pay in regular installments.

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What is a lump sum payment of child support?

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