Improper Use of Marital Funds Lawyer Serving DuPage County, IL
When a marriage begins to crumble, it is not uncommon for one spouse to engage in the wrongful spending of marital assets. This is legally referred to as dissipation. If you are concerned about how your spouse's actions may affect your finances during your divorce, schedule a consultation with a lawyer at one of our area offices to discuss your specific situation.
The DuPage County divorce attorneys at Andrew Cores Family Law Group have vast experience guiding clients through even the most complex and contentious divorce proceedings, including cases involving the dissipation of marital assets. Our lawyers are skilled mediators and accomplished trial litigators. If necessary, we can work with forensic accountants and business experts, and we will perform a careful and thorough examination of your assets to uncover any irregularities. Trust our firm to aggressively fight to protect your assets and stabilize your financial well-being.
What Is Dissipation of Marital Assets?
Dissipation is the term used to describe the use of marital property for the sole benefit of only one spouse. This benefit must be unrelated to the marriage at the time that the marriage is undergoing an irretrievable breakdown. Whether dissipation has occurred or not will be determined by the trial court based on the evidence. Dissipation can result from frivolous spending, gambling, or other unnecessary or inappropriate uses of marital assets. These improper expenditures will be calculated by the trial court.
A spouse who has been accused of dissipating marital assets has the burden of proving that the use of the marital assets was for a marital purpose. If the court determines that they dissipated marital assets, they may be required to reimburse the marital estate for the value of the assets that were wasted or lost value. If this will not be possible, the other spouse may receive a larger share of assets when marital property is divided.
Contact Our DuPage County Asset Dissipation Attorneys
To arrange a consultation, contact Andrew Cores Family Law Group by calling 630-407-1225 or by completing our online form. With offices in DuPage County and Kendall County, we have experience helping clients throughout Illinois.
