Dissipation Claims in Illinois Divorce Cases
In determining how to divide property in Illinois divorce cases, judges are directed by 750 ILCS 5/503(d), which sets forth a number of factors that affect how marital property may be distributed. The second of these factors that the Court may consider is the dissipation of marital assets by either party. "Dissipation" has been defined by Illinois appellate courts as the use of marital property for the sole benefit of one of the spouses for a purpose unrelated to the marriage at a time that the marriage is undergoing an irreconcilable breakdown.
Author: Regular Articles
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