Hi and Welcome to Just Answer. I will be the expert that will be helping you today. I look forward to helping you solve your problem.
It is not that it is uncommon but you depend on the financial situation of the paying spouse. Often times, a party does not have enough money in the bank, to pay a lump sum and get it over with. Moreover, some parties would rather use that money for other purposes and just pay as needed. They may want to use it for investment purposes or gain interest on it, instead of just paying it out and being without that disposable cash, in case they need it. It is a good way to get it over with and avoid having to worry about it over the years if a person can afford it.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).