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In this article, our Bolingbrook spousal maintenance attorneys explain marital settlement agreements. Through marital settlement agreements, parties to a divorce can resolve issues surrounding the divorce without the need for litigation or trial. These issues include the amount and duration of spousal maintenance, child support, allocation of parenting time and responsibility, and the division of marital assets and liabilities.
Read the full article byou Bolingbrook alimony lawyers explaining marital settlement agreements.
In this article, our Bolingbrook alimony attorneys explain some of the recent changes to Illinois spousal maintenance laws. If the couple's combined income is above a certain threshold, courts have discretion as to the amount and duration of spousal maintenance to award, as opposed to being required to apply statutory guidelines. This threshold has been raised from $250,000.00 in combined income to $500,000.00, meaning that wealthier couples will now have the statutory guidelines applied.
In this article, our Bolingbrook alimony lawyers explain spousal maintenance law. Courts consider several factors to determine whether spousal maintenance is appropriate, including the income and potential income of each party, the needs of each party, and the standard of living during the marriage. If courts determine that spousal maintenance is appropriate, they will base the amount and duration upon statutory guidelines if the couple's combined income is below a certain threshold. For couples above the threshold, courts have discretion as to the amount and duration of the alimony award.