Illinois Divorce & Finances

Get Legal Help Today

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Jul 14, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Separating out joint finances and debt during a divorce can be especially challenging, depending on your circumstances. How do you divide the property in an equitable way? What are the tax consequences for each party when you are contemplating property and debt division? Will you need to revise your estate plan as a result of the divorce? Will one spouse have to support the other via spousal maintenance payments? Following are laws specific to Illinois Divorce and Finances.

Illinois Property Division/Community Property/Debts:

Illinois is an equitable distribution state. This system of property division is also called common law or marital property. For an explanation of community property rules and the division of property in community property states, see Dividing Up Property in a Divorce: Community Property vs. Equitable Distribution.

Illinois Spousal Support:

Spousal support, called maintenance in Illinois, is a regular amount of money that a court of law may order a person to pay to their ex-partner after a divorce. Whenever the court issues a decree for the dissolution of marriage (a divorce), the court may also issue an order at that time that either the husband or wife pay support to the other spouse.

If maintenance is ordered at all, the amount and the length of time it will be paid are determined by the court based upon factors such as the length of the marriage, the financial situation and earning capacities of the spouses, child care responsibilities, and any valid agreement between the parties.

You may need a lawyer to help you deal with the financial aspects of your divorce if you and your ex cannot agree. You can find a lawyer at:

Illinois Divorce/Child Support/Child Custody Lawyers:
Find an experienced Illinois Divorce Attorney at
Find an experienced Illinois Child Support/Custody Lawyer at
How a Family Lawyer Can Help

Get Legal Help Today

Find the right lawyer for your legal issue.

 Secured with SHA-256 Encryption