What is a lump sum payment of child support?

A lump sum payment of child support is a one-time payment that satisfies a parent’s child support obligation for a period of time. This type of payment is allowed in Wisconsin under certain circumstances. In most cases, a lump sum payment will be at least $500 and can be more depending on the family’s financial situation. For the parent that is making the lump sum payment, it can be a beneficial way to pay support because it eliminates the need to make regular payments. This can be helpful for those who may not have a steady income or who may need the money for a large purchase. For the parent that is receiving the lump sum payment, it is important to understand that this money is intended to be used for the children’s care and not for any other expenses. It is also important to understand that a lump sum payment does not replace regular payments and that the parent is still obligated to provide whatever level of support the court has ordered. In general, parents should talk to a lawyer to make sure any agreements related to a lump sum payment are legally enforceable. This is especially important if the payment is not being made through the court or a child support agency.

Related FAQs

What is the Child Support Enforcement (CSE) Program?
What is a deviation from the child support guidelines?
What is the difference between child support and child maintenance?
Can a parent be held responsible for college expenses as part of a child support agreement?
Can I stop paying child support if the custodial parent is not following the court order?
How can I collect unpaid child support?
What happens if the amount of child support payable is more than the paying parent can afford?
How can parents adjust a child support order?
What is a lump sum payment of child support?
How long does it take for a child support order to be put into effect?

What is a lump sum payment of child support?

Related FAQs

Related Blog Posts