How Can I Legally Pay as Little Alimony as Possible?
Spousal support is not a guaranteed factor in every divorce. However, suppose you believe spousal support is relevant to your Illinois divorce, and you believe you may be ordered to provide support to your ex-spouse. In that case, you are likely wondering what ways exist to ensure you do not have to pay an unreasonably high amount of money to your ex. Discuss with your lawyer practical tips and strategies to minimize what you are ordered to pay while also remaining compliant with Illinois laws.
Comprehending Illinois Alimony Laws
Alimony judgments are determined based on several factors outlined in the Illinois Marriage and Dissolution of Marriage Act. Courts consider the length of the marriage, the financial needs and abilities of each spouse, the standard of living during the marriage, and any other relevant circumstances. Knowing these factors can help you better understand how alimony is calculated and what you can do to minimize your financial obligation.
Show Your Financial Picture
One effective way to minimize alimony is to provide a transparent view of your financial situation. Gather documentation detailing your income, monthly expenses, and anything else you and your attorney consider relevant if your financial circumstances are less favorable than your spouse’s – whether due to job loss or high living costs – be sure to present this evidence clearly. Demonstrating your financial needs will help the court understand your capacity or lack of capacity to pay alimony.
Assess the Length of Your Marriage
The longer the marriage, the more likely alimony will be awarded for an extended period. If you were married only briefly, this could work in your favor. Additionally, if you can demonstrate that your spouse is capable of supporting themselves, it may reduce the amount or duration of alimony.
Negotiate with Your Spouse
If possible, try negotiating with your spouse. A mutual agreement on alimony terms can save both parties considerable time, stress, and money. Mediation offers a platform to discuss and settle financial matters amicably, and having a lawyer present can help facilitate these negotiations and ensure you do not agree to unfavorable terms.
Consider Modifying Any Existing Spousal Support Agreement
It is common for someone’s financial situation to change after the divorce decree is finalized. Therefore, if your financial situation has indeed changed, you might be able to seek a modification of your alimony obligations. Economic hardships, job loss, or significant changes in lifestyle can serve as grounds for reducing or eliminating your spousal support payments.
Contact Our Joliet, IL Spousal Support Attorney
Remember that every divorce is different, and alimony is not guaranteed to be relevant just because you are getting divorced. However, if alimony proves relevant, you can take steps to minimize what you owe to your spouse. For legal help, contact the Plainfield, IL spousal support lawyer with Law Offices of Tedone and Morton, P.C..Call 815-666-1285 for a free consultation.