Category Archives: Asset Dissipation
Dissipation of Assets in a Chicago Divorce: What Does it Mean and How Can I Get Legal Help if My Soon-to-Be Ex Has Spent Everything?
Let’s face it: for most individuals seeking a divorce in Chicago, the divorce process is already stressful enough. However, a sticky divorce can become even more complicated when the added complication of a spouse recklessly spending or hiding marital funds crops up. In Chicago and throughout Illinois, this type of conduct is referred to… Read More »
Protecting Your Assets in an Illinois Divorce
Crain’s Chicago Business July 28, 2025 Author: Molshree “Molly” A. Sharma Advice on how to recover squandered marital funds during a separation Half of marriages will end in divorce. As a partnership breaks down, one spouse may have dissipated the shared assets. Dissipation means they use the money on purchases unrelated to the marriage… Read More »
Protecting Your Assets from Dissipation During Divorce
By Jonathan Standeford “My spouse is having an affair and has spent thousands of dollars on jewelry and lingerie.” “I found out my spouse is gambling and has lost most of our life savings.” Statements like these are frequently made by parties in a divorce or dissolution of marriage. Then the question becomes, “Can… Read More »
My Soon To be Ex Is Spending Our Money On His New Girlfriend – What Can I Do?!
The divorce and separation processes are already tough times for many people. Divorce and separation often come with changing the family dynamic, moving houses and even cities, states, or countries, handling stressful financial issues, and processing difficult emotions that are raw and new. In addition to these tough issues that come up in the… Read More »