Bill Title: Amends the Illinois Marriage and Dissolution of Marriage Act. Provides that life insurance benefits deemed to be marital property must be allocated equitably between the parties by the court. Provides that a maintenance award ordered by a court may be secured by existing or court-ordered life insurance and, if applicable, that a judgment shall expressly set forth that payments for such insurance are excludable under the Internal Revenue Code from the gross income of the maintenance payee. Provides that in determining an award for child support, net income does not include life insurance premiums for life insurance ordered by the court to secure child support or maintenance. Provides that upon death of either party or remarriage of the party receiving maintenance, any obligation under the new provisions is terminated without a prior inconsistent agreement between the parties.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2011-08-26 - Public Act . . . . . . . . . 97-0608 [SB1824 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2011-08-29	HTML/Text	Link	View
Amended	2011-05-11	HTML/Text	Link	View
Enrolled	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1824

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1824 currently on file.

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