HB5006 Summary

• Amends the Illinois Marriage and Dissolution of Marriage Act to require courts to consider lump sum payments made at the time of marriage dissolution when determining maintenance (alimony) awards.

• Requires courts to deduct any lump sum payments made at dissolution from the calculation of ongoing maintenance obligations.

• Adds lump sum payments as a specific factor courts must consider under subsection (a) when determining whether a maintenance award is appropriate.

• Applies the lump sum deduction requirement to guideline maintenance calculations under paragraph (1) of subsection (b-1).