I've heard about the loss of the alimony deduction starting in 2019. Please explain how this will impact Illinois divorces. The impact will be profound and complex. What is the current law regarding alimony (maintenance) and taxes? For divorces entered on or before December 31, 2018, alimony … [Read more...] about Alimony in Illinois and the Loss of the Maintenance Deduction: aka: Illinois Maintenance guidelines 2019
Alimony / Maintenance
Maintenance Guidelines 2018
Amended effective January 1, 2018 (and soon to be amended January 1, 2019) Most Illinois divorce lawyers are unfamiliar with Pub. Act 100-520, which had an effective date of June 1, 2018. But per Pub. Act. 100-565 (SB 61), this has an effective date of January 1, 2018. Accordingly, I … [Read more...] about Maintenance Guidelines 2018
Heroy: Illinois Supreme Court / Termination of Maintenance or Greater Reduction Properly Denied: Duty to Seek Employment Must be Balanced with Lifestyle
IRMO Heroy, 2017 IL 120205 (March 23, 2017), will prove to be a critical case regarding what is commonly considered as the duty to of a maintenance recipient to "rehabilitate" -- to seek appropriate employment. It provides lasting guidance that in cases involving significant cash flow for the payor … [Read more...] about Heroy: Illinois Supreme Court / Termination of Maintenance or Greater Reduction Properly Denied: Duty to Seek Employment Must be Balanced with Lifestyle
(815) 338-9401