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Palatine divorce lawyer, dissipation of marital assetsIllinois law requires Courts in divorce proceedings to divide any marital property between the parties in an appropriate and fair manner. Moreover, all relevant factors in the case must be considered. One of those factors for the Judge to consider is the dissipation of marital assets by one or both spouses.

Dissipation is the legal term for when a spouse wastes or misuses assets for his or her own benefit for a purpose unrelated to the marriage, as the marriage is experiencing an irreconcilable breakdown.

Common Types of Dissipation of Marital Assets

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