Calculating Maintenance Obligations under the New Illinois Alimony Law
Money is often a contentious issue for divorcing couples, especially when it comes to dividing marital assets and setting maintenance (alimony) payments. A new law enacted January 1, 2015 simplified the process for calculating maintenance for parties with a combined gross income of less than $250,000. Before this law was passed, there were no overarching monetary guidelines, and courts considered numerous factors when deciding on a party’s alimony obligations. Now this calculation is a two-step process. The court: Takes both...
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