In Illinois, there is no set formula for calculating alimony (also known as spousal support or maintenance). Instead, the court considers a variety of factors when determining the amount and duration of alimony payments.
Some of the factors that are considered include the income and earning capacity of each spouse, the length of the marriage, the standard of living during the marriage, the needs of each spouse, and the contributions of each spouse to the marriage (including non-monetary contributions such as homemaking and childcare).
In general, the purpose of alimony is to provide financial support to the lower-earning spouse during and after a divorce, to help them maintain a similar standard of living to what they enjoyed during the marriage. The amount of alimony awarded will depend on the specific circumstances of each case.
It is important to note that alimony is not awarded in every divorce case, and even when it is awarded, it may not be permanent. In many cases, alimony is awarded for a specific period of time to allow the lower-earning spouse to become financially self-sufficient.
If you are considering divorce and have questions about alimony, it is best to consult with an experienced family law attorney in Illinois. Keller Legal Services is a boutique law firm based in Chicago, Illinois.
Click here https://kellerlegalservices.com/blog/2023/03/13/what-determines-how-long-alimony-is-paid-in-illinois/ to know more.