Chicago Alimony and Spousal Support Lawyer
Your Chicago Alimony Attorney
During a marriage, it is not uncommon for one spouse to provide the majority of the support for the household. This means that although earning levels may be different, both parties enjoy the benefits of the combined earned income. When this couple chooses to divorce, one spouse may find that they would be placed into financial hardship based on the income that they bring to the table. If you believe that you may be obligated to pay spousal support, or eligible to receive it, then speaking with an experienced Alimony Attorney can help you understand exactly what to expect.
How Illinois Spousal Support is Calculated
There are specific guidelines in Illinois law that defines the amount of alimony that may be owed from one spouse to the other in the event of a divorce. This is based on your shared and individual income and length of marriage, and calculates not only the amount, but also the duration of the support obligation. There are special guidelines for couples earning below $250,000 in combined income.
At John Buchmiller & Associates, we have a unique, state-of-the-art software that will calculate your support obligation/payment. Utilizing this type of software, we can accurately predict what you can expect to pay, or what you can expect to receive, in spousal support.
Alimony Negotiation and Modification
If there are significant assets such as a house or pension plan that one party has, they can use that as a bargaining tool to obtain a reduced spousal support obligation. Your Spousal Support Attorney can help you to identify assets that may be eligible for this type of reduction. The legal team of John Buchmiller & Associates is well versed in finance and valuation, and can assist with alimony negotiations.
Lost your job or had other changes to your financial circumstances? Then you may want to consider speaking with an Alimony Lawyer about modification of your support obligation. We can assist with review of your financial status, and can give you accurate depictions of what your new support obligation will look like, in addition to the legal proceedings required to request modification.
Free Consultation with an Experienced Alimony Attorney
Contact John Buchmiller & Associates today for a FREE consultation at (877) 608-4514 to discuss your case, our process, and how we can work together to get the best results possible for you.