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Category: Maintenance

“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein.

What issues can be reserved in an Illinois divorce?
Divorce

Reserving Financial Issues In An Illinois Divorce

Divorce is unpleasant. Most people put off divorce issues…even during the divorce. In fact, financial issues can be reserved to be addressed later should the parties agree or the court determines that reserving a financial

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Past due alimony in an Illinois divorce
Maintenance

Retroactive Maintenance In An Illinois Divorce

People who are married support each other. People who are divorced in Illinois end up supporting each other as well. Divorced people support each other via court order. “In a proceeding for dissolution of marriage…the

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Depreciation deduction and divorce in Illinois
Child Support

Depreciation And Divorce In Illinois

If you are a business owner or you are married to a business owner, you are going to have to become familiar with the concept of depreciation. For tax purposes, business expenses are deductible to

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Unemployment and maintenance in Illinois divorce
Alimony

Temporary Job Loss And Maintenance In Illinois

People conveniently lose their jobs when they have to pay maintenance pursuant to an Illinois divorce order. While unlucky in their profession, they presume they will be lucky in court when they file a motion

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Income increase and child support or alimony in Illinois
Alimony

An Increase In Income After An Illinois Divorce

Whether the economy is booming, inflation is increasing or either former partner has devoted themselves to their job after their divorce…people’s incomes go up. Income is the determinator for both child support and maintenance in

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Business loans and divorce in Illinois
Child Support

Business Loans As Income In An Illinois Divorce

My rich uncle always said, “No one ever got rich unless they walked into a bank and asked for a loan.” Smart businesspeople borrow money. Smart businesspeople sometimes spend that money on a non-business-related purpose.

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Interest in an Illinois Divorce
Child Support

Interest On Money Owed In An Illinois Divorce

Except for parenting time, almost everything in an Illinois divorce is about who owes what to whom. The transfer of assets, debts and other financial transactions are done pursuant to the orders that were entered

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How do you know if you have to pay maintenance in Illinois?
Maintenance

Which Spouse Pays Maintenance In An Illinois Divorce?

In an Illinois divorce, the amount of maintenance (formerly known as alimony), the duration of maintenance, the modifiability of maintenance are all important considerations. The first step in considering maintenance in an Illinois divorce is

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