In any financial order, there are usually periods of time included to ensure that one party does what they are supposed to do. For example, if a property is being transferred to a husband, and to transfer that property the husband is paying his wife a lump sum, an order may say that the property should be transferred within 28 days, with the lump sum being paid simultaneously on completion of the transfer.
Another order may simply include a lump sum payment, due to be paid within 28 days from the date the order was made. Orders of this nature also include provisions for late payments, and provisions for interest, if the payment of a lump sum is delayed.
Such provisions also ensure that payments are made on time, so that one party is not left in limbo once orders are made.
Practically, orders can be made so that the parties can comply with them, and if parties agree a period for certain payments to be made, there are no surprises in relation to when they become due.
The court can often make orders for one party to pay spousal maintenance to another. Maintenance is usually for a specified term, and payments are made every month. This may be for a number of years, until there is a terminating event, which can be the end of the term or if the payee remarries. Maintenance can also be capitalised, and a lump sum can be negotiated.