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Subscribe to this list via RSS Blog posts tagged in spousal maintenance

b2ap3_thumbnail_shutterstock_259913522.jpgThe Illinois General Assembly passed House Bill 2537,  which will alter the way spousal maintenance payments work in Illinois. According to the existing law, which went into effect in 2015, several factors should be used in order to determine whether maintenance is appropriate. 

In the event that maintenance is appropriate, the court will use statutory formulas to figure out how much maintenance will be awarded and the duration of the payments. Let us take a closer look at how the Illinois spousal maintenance law will change when it goes into effect in 2018.

Raised Income Threshold

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b2ap3_thumbnail_DuPage-County-alimony-attorneys.jpgWhile alimony awards during divorce are less frequent than they once were, there are times that it is still warranted. The following information explains how you can determine if you might be entitled to support (or required to pay it). You shall also learn how support is calculated during an Illinois divorce, and why legal assistance is recommended for those dealing with alimony issues.

When Alimony May Be Owed

Many situations may lead to a ruling for alimony, but most share a common thread: one spouse is financially disadvantaged. This disadvantage could be caused by a lack of education, job experience, training, health issues, or an extended period outside of the workforce. It can also mean more than an inability to support one’s self; it might also apply if one party has become accustomed to a particular lifestyle during the marriage but is unable to maintain it on their own. The latter is typically seen in high net worth divorces, but the former may occur during any divorce case.

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family law changes 2016, spousal maintenance, DuPage County child support lawuersSenate Bill 57 has significantly altered the laws and statutes of the Illinois Marriage and Dissolution Act (IMDMA), including those that govern how child support and spousal maintenance are handled during divorce proceedings. Accurate information on these changes may be especially important for divorcing couples that have limited earning potential or excessive amounts of debt, or for those that have mentally or physically disabled children.

Changes to Illinois Spousal Maintenance Laws

Although it is extremely unlikely that every divorce action will include a provision for spousal maintenance, the changes brought about by Senate Bill 57 (effective January 1, 2016) have significantly altered how courts decide when to award spousal support. Now, financial obligations that have emerged from the divorce, along with realistic present and future earning potential are considered.

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Chicago family law attorney, Mevorah Law Offices LLC, new guidelines for spousal maintenance, alimony, spousal maintenance, divorcing couple, Illinois spousal maintenanceSpousal maintenance is often one of the most contentious issues during divorce. Often referred to as “alimony,” this payment of support from one spouse to another has come under criticism in recent years. As a result, some legislatures across the country have revised the legal aspects of maintenance in an effort to provide more structure to when and how it is awarded.

Traditionally, in most jurisdictions around the country, it has been left to the judge’s discretion about whether spousal maintenance should be applied in any given case. After various factors are considered, the judge may decide upon a maintenance award that he or she believes would best support the designated spouse.

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Posted on in Family Law

As the filing deadline for taxes is rapidly approaching, those who are divorced or are considering divorce should review the typical concerns that crop up during this time for people as they prepare their taxes.

Your filing status is determined by your marital status as of December 31st of the tax year.  You have to file jointly even if you are living separately and going through the divorce process.  It is beneficial to file jointly as certain deductions and limits are doubled for married couples.  There is also bad news; both partners would be liable in the event of an audit.

Another area that could result in a tax break is having a dependent.  In the majority of cases, the custodial parent can claim a child as a dependent by having the child for more than half of the year.  Certain divorce decrees give the non-custodial parent the corresponding tax break for claiming a dependent child in the course of splitting property, so it is important to review your divorce agreement.

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