Lump Sum Payments

A lump sum payment is a payment of money that one party to a dissolution pays to the other party.

It is often used as a means of adjusting the capital resources of the parties upon dissolution. In most, but not all cases, a lump sum payment is intended to be a final settlement.

The sort of circumstances where a lump sum payment may be made are as follows:

The calculation of what size of lump sum should be paid or when it is appropriate is not straightforward. It depends upon a number of factors. At Paul Ireland Solicitors we have the expertise to be able to assist you in this matter.

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For legal advice contact Paul Ireland Solicitors on 01925-694899
or via email family@paulirelandsolicitors.org.uk