With the U.S. economy sputtering to a standstill, your personal financial situation may be drastically changing. If you suddenly have less income, you may be able to modify the alimony and child support clauses in your divorce agreement. This can allow you to make reduced monthly payments and make ends meet in other areas of your life. Here are some reasons why you should consult with a family law attorney if your financial situation has changed:
If your employment status has recently changed, or if you have lost the ability to earn the same level of income while you were married, you may qualify to file a post-divorce child support or alimony modification. Illinois laws dictate that child support paid is proportional to the number of children being raised in someone else’s custody. However, the amount paid is also proportional to the total income of the spouse. If you recently lost your job or had to take a lower-paying job in order to make ends meet, modifying your alimony and child support obligations can avoid costly non-payment penalties and lawsuits.
Child support and alimony are recurring payments that can really add up over a number of years. By hiring an experienced family law attorney, you’ll be able to wield his or her knowledge of the law to modify your child support and alimony amounts to save money. A lawyer can negotiate with your former spouse to decrease your court-ordered payments. If your ex-spouse is unwilling to accept a restructured alimony or modified child support schedule, your lawyer will be able to advise you on other measures that you can take to lower your monthly financial obligations.
In today’s financial climate, your ability to continue making child-support or alimony payments can change drastically from day to day. The family law professionals at Dixon & Johnston, P.C. work within Illinois law to help their clients save money. Call our office at (618) 233-1103 to schedule a free and confidential consultation with one of our experienced family law attorneys.
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