In this video, we will explain the modification of spousal maintenance orders in Illinois. We will answer the following questions: when do spousal maintenance obligations terminate in Illinois? and when can spousal maintenance be modified in Illinois? We will also explain how to modify spousal maintenance in Illinois and discuss retroactive modification of spousal maintenance. Read more in our article at: Have any questions that weren't answered here? Let us know in the comment section! Subscribe to BLTV for daily Learn About Law videos: www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA If you are in the Northern Illinois area, and would like to make an appointment with an attorney, O’Flaherty Law would be happy to help. If you would like to schedule a free consultation or receive paid legal advice, go to: www.oflaherty-law.com/downers-grove-…e-consultation Or call our office directly at (630) 324-6666. Learn About Law is part of the Business Lounge Network, offering convenient and affordable office space in the Chicagoland area. Escape the noise of a crowded office or home and instead work in our professional and calm environment built to suit your business needs. For news on free events, membership offers and more, visit www.BusinessLoungeNetwork.com. Do you have marketing, editing or audio/video production needs for your business, podcast or website? Want to be a part of the BLTV network? Let us know what we can do for you by calling us at 630-324-6666 or by emailing us at info@businessloungenetwork.com. Read the Learn About Law article: www.oflaherty-law.com/learn-about-la…-guardianships More Learn About Law videos, podcasts, and articles: www.learn-about-law.com Learn More about O'Flaherty Law: www.oflaherty-law.com Like us on Facebook for daily videos: www.facebook.com/oflahertylaw/ O'Flaherty Law has convenient offices located in Downers Grove, Elmhurst, Naperville, Tinley Park, St. Charles, and Lake in the Hills, Illinois, serving DuPage County, Will County, Cook County, Lake County and McHenry County. Its attorneys focus on providing quality legal work, above-and-beyond customer service, and affordable rates in the following practice areas: divorce & family law; estate Planning, wills & trusts; probate & estate administration; litigation, civil law & dispute resolution; business representation & corporate law; guardianship, elder law & special needs law; residential & commercial real estate law; immigration; bankruptcy; and DUI law and traffic & criminal defense. O'Flaherty Law is proud to offer a free initial consultation in most areas of law. The free consultation will provide general answers on what we can do for you regarding a legal matter, specifics on what services we provide, and brief explanations on what your options for legal service may be. A free consultation does not include free legal advice or answers to specific legal questions relating to your matter. Free consultations last no longer than 30 minutes, but a full 30 minute consultation may not always be required. None of the content in this series is intended as paid legal advice. Subscribe to our channel for daily videos dedicated to law and business. You can find more of Joe and Jennifer at www.bellair.com. You can find more Logical Logistics at beslogistics.com. This video was produced by Business Lounge Marketing. If you need marketing, web development, or digital production, The Business Lounge is happy to help. Let us help you and your business dive in to the digital age with Business Lounge Marketing. You can email us at info@businessloungenetwork.com or call David at 630-240-1813...(read more)
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Modifications of Spousal Maintenance Law Spousal maintenance, also known as alimony, is an important aspect of family law that ensures financial support for a dependent spouse after a divorce or separation. This support is essential to help a non-working or lower-earning spouse maintain a similar standard of living post-divorce. However, the circumstances surrounding spousal maintenance may change over time, calling for modifications in the existing agreement. In recent years, there have been notable modifications to spousal maintenance laws in various jurisdictions, aiming to adapt to the evolving needs and challenges faced by divorcing couples. These changes primarily focus on bringing fairness, clarity, and predictability to the process, providing relief to those involved. One significant modification involves the introduction of guidelines or formulas to determine the amount and duration of spousal maintenance. Previously, judges held broad discretion in deciding these factors, often leading to inconsistent rulings. The implementation of guidelines has helped standardize the process, ensuring greater equality and predictability for both parties. These guidelines generally take into consideration the duration of the marriage, the income and earning capacity of both spouses, financial obligations, and other relevant factors. By using a predetermined formula, courts can calculate spousal maintenance explicitly, making the process more transparent and reducing the potential for extensive litigation. Another notable modification in spousal maintenance law is the inclusion of factors that may terminate or modify existing support obligations. This addresses situations where the receiving spouse remarries or begins cohabitating with a new partner, suggesting an improvement in their financial circumstances. In such cases, it may be considered fair to reduce or terminate spousal maintenance payments. Additionally, changes in employment or financial circumstances can also justify a modification of spousal maintenance. For example, if the paying spouse loses their job or experiences a significant decrease in income, they may seek a reduction in their support obligations. Conversely, if the receiving spouse experiences a substantial increase in their income or acquires substantial assets, the paying spouse may request a modification, seeking to decrease or terminate their support payments. These modifications not only provide a fair and just resolution in changed circumstances but also encourage self-sufficiency and independence. The goal is to enable both parties to move forward and establish their independent lives without lingering financial ties. It is important to note that modifications in spousal maintenance law can vary significantly from one jurisdiction to another. Therefore, it is crucial for individuals to consult with a family law attorney familiar with the specific laws in their jurisdiction to understand the possibility and process of modifying spousal maintenance. Ultimately, the modifications in spousal maintenance law aim to create a more equitable, transparent, and predictable system that considers the evolving needs and circumstances of divorced or separated couples. By adopting such changes, legal systems are striving to ensure fairness and balance, while promoting independence and self-sufficiency for both parties involved. https://inflationprotection.org/understanding-the-changes-in-spousal-maintenance-law-educate-yourself-on-legal-updates/?feed_id=109915&_unique_id=64935781c0618 #Inflation #Retirement #GoldIRA #Wealth #Investing #alimony #alimonylawvideo #alimonylaws #alimonynews #changestoalimony #divorceinformation #divorcelaws #divorcenews #howtochangespousalmaintenance #howtomodifyspousalmaintenance #makingchangestoalimony #makingchangestospousalmaintenance #modificationstoalimony #Modificationstospousalmaintenance #spousalmaintenance #spousalmaintenancelawvideo #spousalmaintenancelaws #spousalsupport #spousalsupportinformation #SpousalIRA #alimony #alimonylawvideo #alimonylaws #alimonynews #changestoalimony #divorceinformation #divorcelaws #divorcenews #howtochangespousalmaintenance #howtomodifyspousalmaintenance #makingchangestoalimony #makingchangestospousalmaintenance #modificationstoalimony #Modificationstospousalmaintenance #spousalmaintenance #spousalmaintenancelawvideo #spousalmaintenancelaws #spousalsupport #spousalsupportinformation
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