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Spousal Support Archives

Financial support can relieve women's financial burden in divorce

Men and women alike face unique challenges during divorce, but a report indicates that many women in Illinois face more burdens than their exes. This is not the result of just one factor but of many, ranging from finances to child custody. Although financial support such as alimony might help relieve some of this burden, it is not necessarily enough.

Factors that affect spousal maintenance in Illinois

There are many uncertainties when filing for divorce. A person cannot be certain of the outcome regarding things like property division, child custody and more. This is also true of spousal maintenance. Although many Illinois residents believe that spousal maintenance is a given, this is not always the case. A judge will take many different factors into account before deciding whether maintenance is appropriate.

Smart planning can reduce financial loss in divorce

There are many parts of a person's life that can be rocked by the decision to divorce his or her spouse in Illinois. Divorcing couples face challenges as they separate years of shared life from finances to children. Often, the process of beginning to live life independently can be unsettling and difficult. One area that often sees a significant impact in regards to divorce is a couple's financial stability and long-term financial wealth. 

Understanding the factors that play into your alimony requirement

As your divorce moves through the court process in Illinois, one requirement you may be given is that you provide alimony for your former spouse. While you may have softly anticipated this, hearing that you are still responsible for sustaining your ex's lifestyle may be a bit unnerving. At Butler, Giraudo & Meister, P.C., we are committed to helping people manage their divorce with confidence and efficiency. 

The different types of alimony in Illinois

A common assumption that many of those entering into divorce proceedings in Peoria often have is that alimony will automatically be a part of their divorce settlement. Their assumptions likely come from hearing stories in popular media of renowned divorce cases involving disputes over spousal maintenance. Yet the truth is that alimony is not awarded in every divorce case. Indeed, according to information shared by CBS News, government agencies report only between 243,000 and 361,000 adults in American as having received alimony in 2016. An important point to remember about spousal support is that it is not meant to serve as a punishment levied against the more well-to-do spouse; rather, it is simply meant to help an economically disadvantaged spouse transition into post-divorce life. 

Can a lump sum payment help women struggling to get alimony?

In traditional Illinois marriages, it is fairly common for women to remain at home while the man is the primary breadwinner. This is especially normalized in high-asset marriages with children, as one party often remains at home to raise the kids. When the marriage ends, these women find themselves at an economic disadvantage.

When the breadwinner leaves, homemakers must cut expenses

Sometimes divorce comes unexpectedly for homemakers in Illinois. One minute, a couple is roaming the world hand-in-hand, and the next, the breadwinner announces that they are leaving for a younger or wealthier partner. When this happens, resentment and already bad spending habits can cause many homemakers to continue living the lavish lifestyle that they did before. However, failure to cut expenses could create problems in the long run.

More men are getting alimony but they are still a minority

More women in Illinois are in the workforce today than ever before. Many wives also make more money than their spouses. Because of this and a gradual equalizing of gender roles, more men are asking for alimony after divorce. A Reuters article published in the Financial Post confirms that divorce attorneys have seen a rise in ex-wives paying spousal support.

How can I manage debt after a divorce?

It's no secret that divorces can be expensive. This is especially true if you're ordered to remit spousal support, which can be challenging when starting over after the end of your marriage. Proper budgeting is crucial for staying current on this and other recurring payments, as explained by The Balance

What legal changes apply to Illinois spousal maintenance in 2019?

If you are seeking spousal maintenance as part of divorce proceedings in Illinois this year, you should know that changes to laws governing spousal maintenance at both the state and federal level have recently gone into effect. The changes could have an impact on the amount that you either receive or pay, as well as how you pay taxes on it. 

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