Maintenance
Things change when people get divorced. Whether it is the stress of a divorce or the conniving strategy, incomes seems to plummet during the divorce process. In Illinois, income is what determines maintenance (formerly known as alimony) and child support.…
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Maintenance (formerly known as alimony) is the manner in which Illinois divorce courts assure both parties to a divorce that they will be able to maintain their lifestyles post-divorce until they are able to “get back on their feet.” Illinois…
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Divorce law is funny in Illinois. We say “dissolution of marriage” instead of “divorce,” we say “maintenance” instead of “alimony,” and we say “body attachment” instead of “an order for arrest.” A body attachment is a big deal! A body…
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“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett. Lots of people have followed Warren Buffet’s advice by saving and investing so their money can earn them an independent income one day. These investments generate…
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In almost every Illinois divorce financial documents will be exchanged between the parties. This exchange always includes the parties’ taxes, which may have been filed together. The tax return usually tells 90% of a divorcing party’s financial story in regards…
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A marriage with a homemaker is often a symbiotic relationship where everyone is happier for it…until they’re not. After a divorce, there can be no further cooperation. The homemaker either has to get a job, request alimony, child support and/or…
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During or at the end of your divorce or parentage action, you may have a judgment and/or order which will instruct one party to pay the other party a sum of money for child support and/or maintenance (formerly known as…
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In Illinois, a divorce court can award one party a monthly payment of maintenance from the other party based upon a showing of need and an ability to pay. This amount of maintenance (formerly known as alimony) is then set…
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When a divorce in Illinois is finalized, the parties are issued final orders which both parties must abide by. But, life goes on and things change eventually no matter what the Marital Settlement Agreement or Allocation of Parental Responsibilities and…
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It’s often said that 99% of divorces end up settling rather than go to trial. But what does that mean? What is the result of a divorce settlement in Illinois? The end result of divorce in Illinois is a series…
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