Divorce is a difficult decision, as it is a life-changing event for everyone involved. For a less financially stable partner to continue to have the same lifestyle as they had while they were married, the court may order the financially stable partner to pay the other spouse a certain amount of spousal support every month. This is often called alimony or spousal maintenance, and the intent of this support is to make the divorce as fair and equitable as possible for both parties.
During a divorce proceeding, the couple has the option to negotiate and reach a mutual agreement on the amount of alimony. Most divorce cases include both parties agreeing to a fixed sum that has to be paid each month, while in others, the settlement is decided in the form of a property division arrangement.
At the Law Office of Fedor Kozlov, P.C., we know how much spousal support can mean for you to move ahead. Our compassionate attorneys understand your situation and aggressively pursue the most suitable spousal support so that you are in the best possible financial position to have a good post-divorce life.
Deciding the Alimony/Amount of Maintenance
The purpose of awarding alimony is to allow the homemaking or less well-off spouse to provide monetary support until they are able to get back on their feet and become financially independent. There are specific conditions when spousal support ends, when:
- The period specified for the payment of alimony by a judge or if an agreement expires;
- The receiving party gets remarried;
- Either party dies.
When negotiation between spouses fails, the court decides whether the receiving spouse should be awarded alimony, and if so, for how long and in what amount according to Illinois Law. Before making a decision, the court considers the following factors:
- The lifestyle established during the course of the marriage
- The emotional state, physical condition, and age of the receiving spouse
- The length of the marriage
- The ability of the payer spouse to support themselves while paying the recipient spouse
- The presence of domestic violence during marriage
- The state and federal tax impact of spousal support
- Whether one spouse’s education or career was affected due to their commitment and responsibility towards the family
Each spouse is required to fully disclose their assets and financial state, and produce a statement of their net worth. It is calculated by taking the total assets and subtracting it the sum of expenses and other liabilities.
Contact Experienced Spousal Support Attorneys Today
At the Law Office of Fedor Kozlov, P.C., we help you represent your case in the best possible way to ensure that you are awarded the right spousal support to meet your needs. We shed light on the sacrifices you have made to support your family, and that you should be compensated equitably for them. Contact the Law Office of Fedor Kozlov, P.C., today at (847) 241-1299 to schedule a consultation with one of our experienced attorneys.