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Naperville | Wheaton | St. Charles

Naperville Lawyers Skilled in High Income Divorce

Downers Grove High Income Divorce Lawyers

High Net-Worth Divorce Attorneys Serving Wheaton and DuPage County

A divorce is rarely easy for anyone. Even couples who are certain that divorce is the right decision and who agree on most of the associated issues will often face challenges throughout the process. Divorce is especially challenging when one or both spouses have a relatively high income and high net worth. While having more money is usually better than having less money, a high income or high net-worth divorce is generally much more difficult than those involving spouses with little to moderate wealth. At Goostree Law Group, we are equipped to help high-income individuals and their spouses with their divorce-related concerns.

Disparate Income Situations

It is not uncommon for a high-income individual to be the sole financial provider for the household, and complications tend to arise during a divorce when the income difference between the spouses is significant. There are a number of considerations in a divorce that takes the income of each spouse into account, including the division of marital property and child support. Income is also a primary factor in determining the appropriateness and amount of a spousal maintenance award.

Maintenance, also known as spousal support or alimony, is not automatically guaranteed in any Illinois divorce. Instead, the court must determine that a need for such support exists. When one spouse has a high income and the other does not, maintenance is usually found to be appropriate.

One complication that may arise involving maintenance in high-income cases is that Illinois law provides a statutory formula for calculating the amount of support to be paid based on the income of each spouse. However, the formula only applies in cases where the spouses' combined annual income is less than $500,000. When the spouses' income is $500,000 or more, the court will determine the amount of maintenance based on the circumstances of the case. Whether you are seeking maintenance from a higher-earning spouse, or you are being asked to make support payments, our attorneys can help you protect your rights.

High Net-Worth Property Division Lawyers in Wheaton

If you have a high income or a high net-worth and you are facing a divorce, your spouse may try to earn the sympathy of the court in an attempt to receive a larger share of the marital estate. According to Illinois law, marital property is to be divided between divorcing spouses in a manner that is fair and equitable to both parties, regardless of who earned most of the income used when acquiring assets. It is important to work with a skilled attorney who is dedicated to protecting your best interests at all times.

Our lawyers also represent those seeking a divorce from a high-income spouse. We know that the law in Illinois requires divorce courts to consider the standard of living established during the marriage. Your divorce should not leave you destitute while your spouse continues to enjoy a lavish lifestyle. At Goostree Law Group, you can depend on us to fight for you at every stage of the divorce process. We will work hard to ensure that you have the economic resources you need to begin building a happier post-divorce life.

Schedule a Free Consultation Today

If you are considering a divorce that will involve significant amounts of wealth, contact our office. Call 630-364-4046 for a free, no-obligation consultation today. We will review your case, answer your questions, and explain your available options. Our firm represents clients of all income levels in Naperville, Wheaton, Aurora, Warrenville, Woodridge, Lisle, Downers Grove, DuPage County, and the surrounding areas.

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