Spousal support payments are not a "sure thing," which is a key element in a cash settlement. While the support/alimony is court-ordered it is not guaranteed, and there is no lender or settlement company that wish to engage in chasing down a spouse to secure payments that were assigned to you. You cannot assign the payments to a lender/settlement company.
They normally don't.
When an individual comes into a large sum of money, it is considered wise to prefer smaller cash payments over an extended period of time rather than take on cash payout. These regular payments are usually safer for the person receiving the payout and also easier for the payer to handle.
Cash payments will not show up in the records, until/unless you convince the authorities that you made those payments. Never, never, never give the child support to the custodial parent, in cash or otherwise. Pay it through the courts or the State.
A Structured Cash Settlement relates to a financial or insurance policy or arrangement. Here, the arranged financial payout will be in stages, rather than as a lump sum payout.
This depends on how big of a hit you're willing to take on the financial gain in your settlement. Payments may be drawn out over years, but you'll be guaranteed the full settlement. However, if in desperate need of immediate cash, you may sell your future payments for one quick lump sum. Bear in mind that the payout will be dramatically reduced. It is also possible to take out a loan on a settlement, but again, this will lead to a smaller payout, as well, because loans must always be paid back.
Cash Book
petty cash voucher is released by the handler of the funds to support every payments made. petty cash book contains a summary of all petty cash disbursements, its total and the balance.
It is important to get a professional lawyer to maximize payout for a structured settlement. Otherwise, a court will generally cut back on the payout.
An annuity payout is cash recieved from an annuity that you build through investment. There are several types of annuity payouts, such as the Life option, which pays retirement based on your life expectancy, and a Joint-life option that pays for you and your spouse. Annuity payments are fixed payments made out over a specific amount of time. These days there are companies that can offer you a lump sum settlement on your fixed annuity payment that you recieve if you wish to have all your money now.,
Pay by check on the dates the payments are due and make certain they are in the correct amounts. Maintain a hard copy record of your cancelled checks. If it comes out of your paycheck then keep copies of your paycheck stubs in a safe place. Do not pay in cash.
700,000.00
With cash of course......Yes... Spousal Consent would be needed if the property was to be purchased by taking out a loan in both spouses names...But there are no laws requiring spousal consent for another spouse to make cash purchases of property...