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…

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