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When a divorce becomes imminent, many people in Illinois begin to experience concerns about the financial impact that a divorce might have on their lives. This is understandable as there is no real way to split assets without losing something. Additionally, it is...
The alimony laws in Illinois underwent some changes in 2015 and 2016. It is important that you understand the laws if you are trying to get alimony in your divorce case. According to the Illinois State Bar Association, the spousal maintenance laws are rooted in...
Every year, you have to file your taxes, and if you pay or receive alimony in Illinois, you may be wondering how you report it to the IRS. The short answer is that you must report it, but the IRS may define alimony a bit differently than you or the courts. At...
Illinois has a law that sets standards for alimony, making it much easier for your attorney to determine if you will have to pay alimony, and how much you may have to pay if you are ordered to do so. The Illinois Bar Association explains there is a formula that judges...
Alimony, also called spousal support in Illinois, is where you are ordered to pay financial support to your ex-spouse as part of your divorce settlement. Traditionally, wives received the alimony and husbands paid it. However, as you are probably already aware, times...
Alimony is often granted in divorce cases as a way to compensate the spouse who earns the lowest wages. It is considered a form of support, which is why in Illinois it is now referred to as spousal support instead of alimony. The idea is to help ensure a continuation...
If a divorce is looming in your future or perhaps already even underway, the possibility of you being ordered to pay or to receive spousal support may well come to be. Many Illinois residents who get a divorce find that alimony is part of their final divorce decree....
Alimony payments can be difficult to deal with and keep track of. Many consider it extra stress that is added on top of an already stressful divorce situation. However, it is still an important part of divorce and deserves attention and understanding. It is important...
Depending on the specific circumstances of your divorce case, an Illinois family law judge may have awarded spousal support for you or your ex spouse. Alimony arrangements are generally made in order to account for the financial needs of both divorcing parties. That...
In 2011, roughly 33,789 people in Illinois went through a divorce or annulment. According to the Illinois Department of Health, that is only slightly up from the same number of people who experienced a divorce in 2010. Many of those couples likely discussed alimony,...
