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Posts tagged "former spouse"

Does spousal maintenance have to be paid monthly?

Being ordered to send monthly spousal maintenance payments may be a hindrance for some former spouses because they want to be free of any reminders of their former marriages. Others might simply be worried about accidentally missing a payment. Those who are divorcing in Illinois and are negotiating spousal maintenance could avoid monthly payments by paying it all in a lump sum.

The debate over alimony payments

In recent years, the concept of spousal support - better known as alimony - has come under attack by those who feel that society has outgrown the system. Spousal support is a legal agreement by which one spouse (in about 95 percent of cases, the male) is asked to pay a certain amount of money each month to his or her former spouse.

Alimony troubles for NBA champ Dwayne Wade

In an Illinois divorce, an Agreed Preliminary Injunction, or API, can require that the divorcing parties set up a shared bank account into which income should be deposited. Funds can then be allocated to the proper recipients, and this kind of agreement may be especially useful in a high-asset divorce.

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