Chicago divorce lawyer Russell Knight explains the significance of alimony in an Illinois divorce

Chicago divorce attorney Russell Knight publishes a new article (https://rdklegal.com/divorce-family-law-services/chicago-alimony/) that explains the importance of alimony in an Illinois divorce. The lawyer mentions that alimony is called alimony and is governed by a law that contains strict mathematical formulas to calculate the amount and duration of monthly alimony.

According to the Chicago divorce attorney, “Alimony is the common term for a payment made periodically by an ex-spouse to his ex-spouse pursuant to a divorce court order. The state of Illinois has abandoned the term alimony in favor of the less controversial term alimony. also called alimony or spousal support.”

The attorney explains that in determining how much a spouse must pay the other spouse each month, the first step is to determine whether the other spouse needs alimony. The court will consider many factors when it comes to awarding maintenance to someone. One of these factors includes the income and assets of each party.

Attorney Knight mentions that if one of the parties has a lot of wealth, they may not be entitled to maintenance because they are able to support themselves from that wealth. Another factor that is taken into account is the needs of each party. If a spouse has to pay for medication out of pocket, they may be able to get more alimony.

In the article, Attorney Russell adds that each party’s realistic current and future earning capacity will also be considered. An example of this is when a doctor gives up residency to become an affiliated doctor. In this situation, they cannot claim maintenance, and the doctor’s earning capacity would increase considerably.

In addition, the attorney says other things considered by the court are the length of the marriage, the sources of income, public and private, the standard of living established during the marriage, and any agreements made by the couple.

Finally, attorney Russell Knight says it’s important to seek the help of an experienced divorce attorney when dealing with matters like child custody and spousal support. An experienced attorney can help the client understand their rights and responsibilities in the divorce proceedings.

About Russell Knight Law Firm

Russell D. Knight law firm was founded in 2009 by divorce attorney Russell D. Knight. The attorney’s love of family law is evident in the numerous articles the attorney has personally authored. Russell is a Florida and Illinois attorney. The attorney has law offices in both states and employs a staff of paralegals and attorneys in the two states of Chicago, Illinois and Naples, Florida. Contact her today at (773) 334-6311.

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For more information about the law firm of Russell D. Knight, contact the firm here:

Law Firm of Russell D. Knight
Russell D. Knight
773 334 6311
[email protected]
1165 N Clark St # 700, Chicago, IL 60610, USA