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The facts about alimony in Illinois

When people in Illinois plan for the future, they often base their plans on their current situation. For example, a parent may choose to stay home with children, rather than furthering his or her career, based on the fact that he or she is currently financially secure as a result of income from a spouse. However, a divorce often requires a reshuffling of financial plans. For many, alimony may need to be paid to help during the transition. 

Man refuses to pay alimony, claims marriage was invalid

The vast majority of people in Illinois believe that they know everything that they need to know about the person with whom they plan to spend the rest of their life. However, in some situations, one person may find out certain information only after they exchange vows, often prompting the decision to seek a divorce. Unfortunately, a man in another state claims that he faces alimony payments even though he believes that the marriage was not valid.

Reality star and estranged husband fight over alimony

It is sometimes surprising how quickly a person's circumstances can change. For example, a person who formerly earned a large salary but has recently found him or herself unemployed can struggle financially. In this scenario, a person in Illinois who has previously created a divorce agreement can struggle to meet those terms in his or her new circumstances, including making alimony and child support payments.

Estranged couple disagree on pictures, alimony

When a couple in Illinois decides to divorce, there are multiple decisions that must be made. While some people may be able to make these decisions amicably, there are many others who will ultimately ask the court to intercede and issue a ruling regarding child support and custody, asset division, and alimony. Unfortunately, a couple in another state reportedly are undergoing a contentious divorce, struggling to agree on a number of issues.

State representative seeks alimony modification

As many people in Illinois have likely experienced, a person's circumstances can quickly change. For example, a person recently divorced may require alimony if he or she gave up his or her career to support a spouse or children. On the other hand, a person ordered to pay it could experience a change in circumstances that could make it difficult to meet such an obligation.

Ex-husband must still pay alimony, despite commitment ceremony

When couples choose to divorce, there are multiple decisions that must be made. While some people in Illinois may want to rush to an agreement so that they can continue on to the next chapter of their lives, the decisions that are made during the divorce process -- including alimony -- can have a significant impact on each person's future. In some cases, it may be difficult to change such decisions should they prove to be burdensome.

How is alimony determined?

Sacrifice is a large part of a marriage. Often, for example, one spouse in Illinois will choose to sacrifice his or her career to raise children or financial well-being to support their partner during the launch of a business. Unfortunately, this sacrifice can leave one of the spouses in a bleak financial situation if the relationship ends in divorce. In this circumstance -- and others -- alimony may be appropriate.

Battle over alimony reignites due to campaign contributions

There is no doubt that the end of a marriage can often be contentious. While relatively rare, animosity can lead to continued conflict for years after an Illinois divorce. In fact, a woman in another state is now seeking a higher amount of alimony after she claims that her ex-husband apparently experienced a change in circumstances.

Changes in way alimony is taxed coming in 2019

A new law affecting many couples getting divorced in Illinois and all around the nation will go into effect on Jan. 1, 2019. The law addresses how alimony will be taxed for both the payer and the recipient. The current law has been in place for 75 years, making the upcoming changes in the Tax Cuts and Jobs Act rather significant to those involved.

Judge says paying off ex's student debt qualifies as alimony

A tax court judge recently ruled that paying a former spouse's student loan could be claimed as an alimony tax deduction. The decision is considered to be quite profound since the noose has been tightened on alimony deductions as per the federal Tax Cuts and Jobs Act (TCJA), which also affects tax deductions. As it currently stands, alimony payments are deductible for the payor and taxable for the payee, but that will all change this Jan. 1 and will also affect divorcing Illinois couples.

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