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Spousal Maintenance in High Income/High Asset Cases

high asset divorce maintenance, Skokie Illinois divorce lawyerLast week in Illinois Adopts New Spousal Maintenance Guidelines: What Has Changed?" we discussed the new guidelines that Illinois judges must consider in determining spousal maintenance awards. Most cases will be subject to the new guidelines. However, certain high income and high asset divorces will not be subject to the new guidelines.

Under the new law, the maintenance guidelines are to be considered so long as the parties' combined gross income is less than $250,000 per year. What happens in cases where the parties' incomes exceed those amounts?

In those cases, the judge will exercise substantial discretion both in deciding whether a maintenance award is appropriate, but also in determining how much should be paid and for how long. The individual facts of a high income case like this will be considered by the Judge and the Judge will have the latitude to enter an order he feels is appropriate.

Considering the substantial leeway exercised by the judge in determining maintenance awards in high income cases, it is important to choose a law firm that has the experience and knowledge necessary to protect your interests. Trust the Law Offices of Van A. Schwab for excellent and experienced attorneys who focus their practice on divorce and family law. Contact our skilled Skokie, Illinois divorce lawyers today.

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