Tag: spousal support

Yes and no. The answer depends on several factors and formulas the court uses to determine spousal support or alimony. It is one of the main reasons why divorce is considered the most contentious issue you can experience. A Schaumburg spousal support attorney can help you calculate the support you should receive, but the amount […]

Besides other financial matters that a divorcing couple has to address, spousal support can be the most contentious out of them all. While parents think child support is necessary to give their children a comfortable lifestyle and take care of their needs, a spouse is usually unhappy making ongoing payments to their ex-partner. In Illinois, […]

An individual’s odds for winning the lottery are one in a million. However, if you are fortunate enough to win one, and pay alimony, whether your ex can ask to modify alimony depends on a few factors. Timing Matters When it Comes to Alimony Modification Post Lottery Win Whether your ex can collect support from […]

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 role […]

In Illinois, spousal maintenance payments or alimony can be deducted by the party that is responsible for paying them for tax purposes. Also, the receiving party can also count it as taxable income. These payments can be made non-taxable or non-deductible in the divorce settlement as well. What Does Not Come Under Spousal Maintenance For […]