Dissipation is generally defined as the utilization of marital funds by one spouse for their own benefit, for a purpose unrelated to the marriage
Dissipation of marital assets can only be committed during the time period where the marriage is undergoing (or has undergone) an irretrievable breakdown. If the court finds that dissipation has been committed by a spouse, the court can order that spouse to repay the marital estate. Statutory provisions addressing the issue of dissipation are generally found in Section 503 of the Illinois Marriage and Dissolution of Marriage Act.
The attorneys at The Law Offices of Jonathan Merel, P.C. possess extensive knowledge and experience in regard to all facets of dissipation including the investigation of concealed assets, the discovery and prosecution of claims for dissipation, as well as defending parties accused of committing dissipation of the marital estate.