We Protect Your Rights in a High Net-Worth Divorce
Spousal support and maintenance (alimony) are critical issues when the financial stakes are high. In addition to the standard of living during the marriage, the court must consider the reasonable needs of the dependent spouse. Our attorneys have experience with complex spousal support and can represent either the spouse seeking or contesting alimony.
For knowledgeable high-asset divorce representation, contact the Wheaton high-asset alimony attorneys at Andrew Cores Family Law Group. We have the financial background and tough litigation skills that you need when dealing with complex spousal support issues.
Balancing the Needs of Each Spouse
In Illinois, there is a statutory formula for determining spousal support, but it often does not apply in high asset or high net-worth situations. This lack of rigid guidelines gives the judge who decides your divorce considerable flexibility and discretion in making his or her spousal maintenance ruling. Our lawyers can present your case for spousal maintenance based on your standard of living, incomes and relevant tax issues.
It is important to remember that marital fault is not considered by the court when determining spousal maintenance. Some factors the judge will consider include:
- The income and assets of each person
- Each person's ability to earn income
- The standard of living during the marriage
- The length of the marriage
- The age of each person
- The tax consequences of property division for each person
- The monetary contributions of each person
In high-asset divorces, it is crucial to present and define the reasonable needs of the dependent spouse. Often, this must be balanced against the standard of living acquired during the marriage. As in other divorces, alimony may be granted as temporary spousal support, rehabilitative support or long-term maintenance. The length of the spousal support award depends on many factors including the length of the marriage, the health of the parties, the disparity of income and the sacrifices one spouse may have made during the marriage.
If, after your divorce, you still need assistance enforcing a high-asset spousal support order or defending against an enforcement proceeding, we can assist you. We also represent people seeking or contesting modifications to high-asset support awards.
To make an appointment with our high net-worth spousal maintenance attorneys, please call 630-871-1002 or contact us online. We have offices in Wheaton and Oswego.
