Going through a divorce can be devastating financially and supporting yourself on your own income often proves challenging. To help maintain your standard of living, you may be entitled to alimony, or spousal support, as part of your final divorce settlement. Use our Chicago alimony calculator to determine if you may be entitled to alimony and the amount you are likely to receive.
Under the Illinois Statutes, you may be entitled to alimony to help ensure you are provided for in the aftermath of a divorce and to aid in your recovery. Factors the judge will consider in determining whether you are eligible for alimony payments in a Chicago divorce include:
When calculating the amount of alimony you may be entitled to in a divorce through the Cook County Circuit Court, there are two factors involved — the amount of alimony that should be paid and the duration.
While the judge takes into consideration individual factors in your case, the standard calculation is 30% of your spouse’s annual gross income minus 20% of your annual gross income. If your monthly income is $1,000 or less:
In addition to the amount of alimony, the judge will determine the duration of payments. The general formula is:
Alimony can prove vital in helping you recover financially after a divorce. To ensure you get the maximum amount you are entitled to, get our Chicago divorce attorneys on your side. Call or contact the Women’s Divorce and Family Law Group online and request a consultation today.
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