What is a lump sum payment of child support?

A lump sum payment of child support is a one-time payment of a predetermined amount of money for the purpose of meeting the needs of a child. In Washington, the amount of a lump sum payment is determined by the court and is set according to the best interests of the child. The lump sum payment of support is based on the custodial parent’s income, the noncustodial parent’s income, the number of children being supported, the amount of time each parent spends with the child, and other factors. The lump sum payment is meant to cover the needs of the child for a specified period of time, usually a year, and the amount of the payment is usually adjusted according to changes in the parent’s income or other circumstances. The payment may be made directly to the custodial parent or paid into a court-approved trust fund in which the funds will be used to pay for the child’s needs. In Washington, either parent may petition the court to modify the lump sum payment to reflect changes in the cost of living or other circumstances. Because the amount of the payment is fixed, the lump sum payment is usually less expensive than a payment plan in which the noncustodial parent makes regular payments.

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What is a lump sum payment of child support?

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