What is the Dissipation of Marital Assets?

Dissipation of Marital Assets In Divorce: Red Flags to Look For

Dissipation of assets commonly refers to a spouse frivolously spending or squandering assets in an attempt to reduce the marital property value.

How To Prove a Dissipation Claim and How to Protect Against ...

1992), the Appellate Division defined dissipation as "where a spouse uses marital property for his or her own benefit and for a purpose ...

What is dissipation and why should you be aware of it in a divorce ...

During the process of your divorce case, when the court is determining what would be a fair and equitable division of marital assets and debts to each party, ...

Divorce and Dissipation: Hidden Assets and Spending (2023 Update)

Your word is your bond: If you or your spouse agreed to an expenditure during or after the breakdown of the marriage then there are no grounds for a claim of ...

What Is Dissipation of Assets in a Divorce? | The Larson Law Office

Dissipation of Assets in a Divorce Defined · dissipation of assets in a divorce is when a spouse wastes, squanders, gifts, or hides money or ...

When Your Spouse is Spending Money: Dissipation of Marital Assets

If your attorney proves to the court that your spouse has intentionally dissipated marital assets, the court should assign a value to the ...

Proving That Your Spouse Is Guilty of Wasteful Dissipation

Wasteful dissipation refers to a spouse's reckless, willful spending of marital funds. Typically, this spending occurs before either spouse files for divorce.

3 Examples of Asset Dissipation That May Affect a Divorce Case

Ways a Spouse May Dissipate Assets. Dissipation of assets involves the use of marital property by one spouse in a way that benefits themselves ...

What Constitutes Dissipation? | The Law Offices of Van A. Schwab

Dissipation is defined as the use of marital property for one spouse's sole benefit for a purpose unrelated to the marriage.

The Dissipation of a Marital Estate in Illinois Divorce - Attorney

Illinois prohibits intentional dissipation of a marital estate, and doing so could result in you receiving less when the marital estate is divided.

What Is Dissipation Of Assets In Divorce And What, If Anything, Can ...

When a husband tries to dissipate assets, it means he's intentionally squandering marital property to prevent his wife from getting her fair share of it in the ...

What Is Considered Wasteful Dissipation of Marital Assets?

Wasteful dissipation happens when one spouse decides to wastefully spend marital assets or fails to preserve marital assets in the anticipation ...

Understanding the Dissipation of Assets in Illinois Divorce Cases

For a court to make a finding of dissipation, it must be shown that the assets were used for a purpose unrelated to the marriage and that the ...

Division of Property: What Are Dissipated Assets?

Dissipated assets are marital property that no longer exist at the time the divorce is granted. This happens when one spouse wastes, spends, or sells marital ...

Dissipation Of Assets In An Illinois Divorce - Updated Jul 2024

Illinois courts recognize the dissipation of assets when a spouse spends marital money inappropriately. Learn how Illinois handles financial ...

What Is Wasteful Dissipation, and How Can It Affect My Divorce?

Wasteful dissipation is the spending of marital assets for a non-marital purpose. It can affect divorce settlements by reducing the assets available for ...

How to Uncover Wasted or Hidden Assets During the Divorce Process

The dissipation of marital assets refers to the wasting or depletion of money or property by one spouse. In Illinois, asset dissipation is ...

How Wasteful Dissipation Can Impact Your Divorce

Wasteful dissipation involves the frivolous spending or wasting of marital assets, and it can have a significant impact on your divorce.

Dissipation of Assets in Illinois Divorce

Dissipation · if the innocent spouse DIDN'T KNOW of the dissipation, the dissipation claim may reach back 5 years prior to the filing of the petition; · if the ...

Proving That Your Spouse Is Guilty of Wasteful Dissipation

The term wasteful dissipation refers to intentionally or recklessly spending, destroying, or depleting marital assets. One spouse commits ...