Making Maintenance And Alimony Work For You
If you are contemplating divorce, you may be concerned about your obligation to pay or your ability to receive alimony, now known as spousal maintenance. Spousal maintenance is an amount of money that one party pays the other after a divorce. Maintenance may or may not be considered in your divorce. If it is, it can be permanent or temporary, depending on your particular circumstances.
At Di Giacomo & Somers L.L.C., serving Northfield and Chicago, Illinois, our divorce and family law attorneys are skilled at litigation, collaboration and mediation. We will listen to your concerns about your post-divorce financial condition, formulate a strategy to help you quell those concerns and work to get you the best resolution possible through litigation, negotiation, mediation or collaboration. We will help you make the right decision for your divorce.
Factors And Tax Consequences Of Spousal Maintenance
In Illinois, maintenance guideline laws have been in flux in recent years. Enacted in 2015, changes were made in 2018 regarding the maximum gross ceiling for guideline maintenance as well as the duration of maintenance payments. Additional changes may be coming in 2019. At Di Giacomo & Somers L.L.C., we always stay abreast of changes to Illinois’ maintenance and alimony laws in an effort to get you the best resolution possible.
Courts will generally weigh a number of factors in considering whether or not spousal maintenance is appropriate.
- The length of the marriage
- Age of the parties
- Whether or not a party gave up a job or career in order to raise the children
- What property exists outside the marriage
- Any child support award
- The health of the individuals
- The standard of living that existed during the marriage
Schedule Your Consultation About Alimony
Spousal maintenance can have a significant effect on a family’s finances because sometimes it is deductible to the payer and taxable to the payee. Thus, if you receive maintenance, you may have a significant tax liability at the end of the year. This is a very complicated area of the law, and you need an experienced attorney to guide you through the process and help you come up with creative solutions that will maximize spousal support for both parties.
At Di Giacomo & Somers L.L.C., we bring experience and compassion to the practice of law. Contact our spousal maintenance attorneys online today, or call 847-784-8900, to schedule your consultation. We serve clients in cities that include Winnetka, Glenview, Lake Forest and Arlington Heights.