Category Archives: Spousal Support Lawyer
How Is Spousal Support Calculated?
One of the largest concerns that a divorcing couple has is the state of their finances post-divorce. Once the court has made a decision regarding spousal support or maintenance, it has to determine the amount as per statutory guidelines. How Spousal Support Is Calculated in Illinois The length of the marriage plays a large… Read More »
Considerations for Spousal Maintenance in a High Net Worth Divorce
High net worth divorces are slightly different from other divorces. Usually, these divorces involve celebrities or other well-known individuals that put a high net worth couple in the limelight. There are some extra considerations to take when it comes to high net worth divorces. Spouses with higher income and net worth are generally tied… Read More »
Spousal Support Under Recent Law in Illinois
In 2015, Illinois lawmakers approved an amended version of spousal maintenance law. Many cases that were decided under the previous law are being evaluated for modifications or maintenance reviews considering the new regulations, when appropriate. Here are some of the important aspects of the new law that you must understand. Existing Spousal Maintenance should… Read More »
Tax Implications with Spousal Support
Spousal support, previously known as alimony, is a stream of payment that an individual is obligated to pay to their spouse after a separation or divorce. It is also termed as financial support, maintenance, or subsistence. No matter what terminology is used, spousal support has certain tax implications that need to be considered during… Read More »