Unique Settlement under New Maintenance Statute - Father Allowed the Right to Cohabit or Remarry While He Continues to Receive Maintenance.
If you are going through a divorce in Illinois where maintenance or spousal support may be ordered you should be aware of the New Maintenance Law that took effect January 1, 2015.
The New Maintenance Statute in Illinois offers Unique Opportunities for Creative and Effective Financial Settlements.
In a recent contested Illinois Divorce case we were able to successfully settle a hotly contested and what would otherwise have been a prolonged divorce for our Client, the Husband.
Long term marriage of 20 + years. Wife earned $350,000 + Husband was an independent consultant who earned $150,000 a year. Case settled with the Husband, our client receiving $7,500 per month maintenance with the right to remarry or cohabit with a member of the opposite sex at the same time. Maintenance to terminate after 7 ½ years. Husband received 58% of the substantial marital assets of the more than $1.5 million.