- Locations
- Chicago Office 77 W. Wacker Drive, 45th Floor, Chicago, IL 60601
- Lake Forest Office 100 Saunders Rd., Suite 150 Lake Forest, IL 60045
- Lisle Office 3333 Warrenville Rd.,Suite 200 Lisle, IL 60532
- Downtown Chicago/Loop Office
- 77 W. Wacker Drive, 45th Floor, Chicago, IL 60601
- Lake Forest Office
- 100 Saunders Rd., Suite 150 Lake Forest, IL 60045
- Lisle Office
- 3333 Warrenville Rd.,Suite 200 Lisle, IL 60532
312-445-8830
Calculating Alimony
Chicago Attorneys Helping Women Calculate Alimony
The calculation of maintenance or alimony is determined by the Illinois Marriage and Dissolution of Marriage Act. For couples who have a combined, annual, gross income of less than $250,000, certain factors are taken into consideration and a specific calculation is used by the courts to determine the necessary amount and duration of maintenance. This law allows for more consistency and, therefore, a clearer direction for the issue of maintenance in a divorce.
The formula set forth in the Act applies to couples with a combined gross income of less than $250,000 per year, and for whom the judge has decided that maintenance is appropriate, although “appropriate” can cause many fights in court. This formula provides for a maintenance award equal to 30 percent of the payor’s annual gross income, less 20 percent of the payee’s annual gross income. The amount of maintenance awarded when added to the payee’s gross income, however, cannot exceed 40 percent of the parties’ combined gross income.
Other Things to Note:
- Judges cannot order unallocated maintenance and child support in any dissolution judgment or post-dissolution order unless both parties agree.
- Judges are now authorized to make maintenance awards permanently terminate (vs. being reviewable) in certain cases.
While judges are not necessarily required to use this maintenance formula, they must provide an explanation (i.e., “findings”) if they choose not to follow these guidelines. This law helps us to work with the opposing party to reach a fair and appropriate spousal support arrangement while maintaining financial stability for both parties.
Contact Us for Assistance with Calculating Alimony in Illinois
For couples with a gross annual income in excess of $250,000, there is no specific formula for calculating maintenance and, instead, the court relies on an array of factors set forth in the law, such as the parties’ respective incomes, and the lifestyle the parties enjoyed during the marriage.. In any event, it is important to have a knowledgeable attorney review the specific circumstances of your case to determine whether you would be entitled to maintenance. Contact us today.
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Contact Information
Downtown Chicago/Loop Office
Lake Forest Office
Lisle Office
Lake Forest Office
100 Saunders Rd.
Suite 150
Lake Forest,
IL
60045
Lisle Office
3333 Warrenville Rd.
Suite 200
Lisle,
IL
60532
Downtown Chicago/Loop Office
77 W. Wacker Drive
45th Floor
Chicago,
IL
60601
Copyright 2018 | Women’s Divorce & Family Law by Haid and Teich LLP. | NUVEW All rights reserved
Attorney Advertising. This information is designed for general information only. The information presented should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Past results and testimonials are not a guarantee, warranty, or prediction of the outcome of your case, and should not be construed as such. Past results cannot guarantee future performance. Any result in a single case is not meant to create an expectation of similar results in future matters because each case involves many different factors, therefore, results will differ on a case-by-case basis.
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