Support Suggestions in Illinois

[findinghope]

What is the name of your state? Illinois

We are ending a 25 yr marriage. i am the primary provider. Income about $15000 gross per month. Her skill set wouldd fetch about $4000 per month - she currently runs our family business. We want ot settle amicably to a fair support agreement - what would be some suggestions?

Is there a mandated state guideline?

Thanks

[Bali Hai]

Originally Posted by findinghope

What is the name of your state? Illinois

We are ending a 25 yr marriage. i am the primary provider. Income about $15000 gross per month. Her skill set wouldd fetch about $4000 per month - she currently runs our family business. We want ot settle amicably to a fair support agreement - what would be some suggestions?

Is there a mandated state guideline?

Thanks

Nope, but I predict $3-5k per month for life.

[tuffbrk]

Originally Posted by findinghope

What is the name of your state? Illinois

We are ending a 25 yr marriage. i am the primary provider. Income about $15000 gross per month. Her skill set wouldd fetch about $4000 per month - she currently runs our family business. We want ot settle amicably to a fair support agreement - what would be some suggestions?

Is there a mandated state guideline?

Thanks

There is not nearly enough information in your post. "Support" - do you define that as alimony? There are no calculators for alimony. If you are referring to Child Support, your state website most likely has a calculator that you can use to calculate it.

[LdiJ]

Originally Posted by findinghope

What is the name of your state? Illinois

We are ending a 25 yr marriage. i am the primary provider. Income about $15000 gross per month. Her skill set wouldd fetch about $4000 per month - she currently runs our family business. We want ot settle amicably to a fair support agreement - what would be some suggestions?

Is there a mandated state guideline?

Thanks

Does she do a good job running the family business? Is there any reason why she cannot continue to run the business and receive a reasonable salary after the divorce?

In any case, while there is no set formula for spousal support/alimony, a common formula that is used is:

15k-4k=11k 11k/2 = 5.5k which would be the spousal support figure. If there was any child support that would be deducted from the 15k before applying the formula. That is probably a worst case scenario.