Candace Meyers Answers:
This is called dissipation. Dissipation occurs when property is improperly used for the sole benefit of one spouse for a purpose unrelated to the marriage. Our statute sets out parameters for making a claim of dissipation such as the time frame and the specifics needed. If a Court does deem money to be dissipated, then the spent funds will be considered an advance toward the spending spouse’s ultimate award of assets. Illinois has recently limited dissipation claims to 3 but no more than 5 years prior to the filing of the Petition for Dissolution of Marriage.