How is property divided in a divorce in Illinois?
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How is property divided in a divorce in Illinois?
Illinois is not a community property state it is an equitable division state. That means marital property and debts need not be divided 50 / 50. Rather, the law requires property to be divided “equitably.” Many cases are resolved with 60/40, 70/30 splits and some even allocate ALL marital property to one spouse.
How do you qualify for alimony in Illinois?
In Illinois, to be eligible for alimony, spouses must have been legally married. Either husband or wife can qualify for alimony. A divorcing spouse in Illinois who is not self-supporting or cannot maintain a reasonable standard of living by themselves during or after a divorce can petition to the court to receive.
How long is spousal support in Illinois?
Standard Duration of Spousal Support in Illinois If the court determines that spousal maintenance is necessary, the duration of payment is typically calculated based on the length of the marriage, starting at 20 percent of the length of the marriage for marriages shorter than 5 years.
How much is spousal support Illinois?
The “guideline” durations for alimony in Illinois are: Marriage of less than 5 years: 0.20 percent of the duration of the marriage. 5 years or more but less than 6 years: 0.24 percent. 6 years or more but less than 7 years: 0.28 percent.
Does a husband have to support his wife during separation?
In short, there is a common law duty imposed upon spouses to support each other whilst the marriage/civil partnership exists but what many people aren’t aware of is that the duty continues after separation as a result of statute. There is no automatic entitlement to spousal maintenance on divorce or dissolution.
