Generally spousal support is paid on a periodic basis. The most common periodic payment is a monthly payment.
Periodic spousal support payments are considered taxable income to the spouse who is receiving the support and they are tax-deductible to the spouse who is paying the support.
Spousal support can also be paid at once, in a lump sum payment. Unlike periodic spousal support, lump sum spousal support is tax-neutral to the support payor and the support recipient.
Depending on the circumstances, a combination of lump sum spousal support and periodic spousal support may be appropriate.
Sometimes, the payment of spousal support is waived in exchange for a property transfer. This may be appropriate in certain circumstance where the support recipient wishes to retain property (such as a home), but cannot afford to do so.
Speak with a family law lawyer, to determine the method of spousal support that is most appropriate for you.