Alimony – called spousal maintenance in Illinois – does not factor into every divorce, but it does play an important financial role in some. If one spouse’s finances are adversely affected by the divorce, and the other spouse has the financial ability to help, spousal maintenance may be ordered. Better understanding how spousal maintenance is calculated can help you better understand its application in your own divorce, and an experienced Illinois divorce attorney can help you with that.
The idea behind spousal maintenance is to allow the recipient to gain financial independence – often via the pursuit of higher education or the acquisition of job skills. The factors taken into consideration in the determination of whether or not alimony (spousal support) is appropriate in the divorce at hand include:
Generally, when alimony is deemed appropriate, it is calculated according to basic guidelines. In Illinois, this means beginning with 33 percent of the paying spouse’s annual net income and subtracting it by 25 percent of the receiving spouse’s annual net income, which renders the amount of yearly alimony to be paid. An important condition that applies, however, is that the alimony amount cannot leave the recipient with income that exceeds 40 percent of both spouse’s combined net incomes.
The duration of spousal maintenance in Illinois is calculated as a percentage of the marriage’s length. Consider the following:
The savvy Illinois spousal maintenance attorneys at WARD FAMILY LAW, LLC, have an impressive track record of helping clients like you resolve their alimony concerns favorably (in accordance with their legal rights). Your case is important, so please reach out and contact us for more information today.
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