How Will Retirement Affect My Spousal Maintenance Payments?

Every divorce needs to be treated differently due to the individual circumstances in each case. However, there are some common elements that will typically need to be taken care of during the divorce process, including child custody, division of assets, and spousal maintenance (alimony). Maintenance consists of financial support that one spouse pays to the other to make sure they are able to support themselves after the divorce. If you are close to retirement age and are considering initiating divorce proceedings, you may be wondering what will happen if you are ordered to pay maintenance and decide to retire soon after. Possible Outcomes If you decide to retire and are still paying maintenance to your ex-spouse, there are a few different outcomes that could occur. Illinois law states that you may be able to receive a reduction or stoppage of your maintenance obligation if you are able to show that you have had a “substantial change in circumstances” making you…

Read more detail on Recent Family Law posts –

Legal notice about the How Will Retirement Affect My Spousal Maintenance Payments? rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to How Will Retirement Affect My Spousal Maintenance Payments??

This entry was posted in Divorce Law and tagged , , , , . Bookmark the permalink.

Leave a Reply