Improper Use of Marital Funds Lawyer Serving Wheaton, Naperville and Oak Brook, 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. 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 dealing with dissipation of marital assets. Our lawyers are both skilled mediators and accomplished trial litigators. With the help of forensic accountants and business experts, when necessary, 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 categorize 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 use of marital assets. 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. These improper expenditures will be calculated by the trial court.
To arrange a consultation, contact Andrew Cores Family Law Group, by calling 630-871-1002 or by completing our online form. With offices in DuPage County and Kendall County, we have experience helping clients throughout Illinois.
