110 E. Schiller Street, Suite 320, Elmhurst, IL 60126

Weiss-Kunz & Oliver, LLC312-605-4041

CHICAGO
 ⚫ PARK RIDGE
 ⚫ ELMHURST -

Subscribe to this list via RSS Blog posts tagged in martial asset dissipation

IL divorce attorneyIn the grand scheme of things, social media has not been around for very long, but it has had a tremendous effect on our lives in the time that it has been present. In 1997, the first official social media website, SixDegrees, launched, changing the way humans interact with one another forever. Since then, thousands of social media websites and apps have been created to help people communicate and connect with one another.

Today, social media is a normal part of many lives across the globe. According to data compiled by Hootsuite, a social media marketing company, about 70 percent of the American population is active on social media. However, studies are continually taking place on the effects of social media on the relationships between people and how social media can affect mood, among other things. One of the areas researchers have particularly been interested in has been how social media affects marriage and divorce.

Social Media as a Divorce Contributor

Social media is defined as any website or app that allows people to connect and communicate by sharing media, writing statuses, posting photos, sharing links, or communicating in another way. Popular social media apps include Facebook, Twitter, Instagram, Snapchat, LinkedIn, Tumblr, Skype, Reddit, Pinterest, TikTok, and many more.

...

IL divorce lawyerThough it remains federally illegal, marijuana for recreational use and medical purposes is legal in the state of Illinois and other states across the country. In its fourth month of legality, recreational marijuana still faces negative stigmas surrounding its use. In Illinois divorce cases, spouses may become concerned about how recreational cannabis will factor into the case. In many cases, a spouse’s recreational cannabis use will not significantly affect the outcome of the divorce. However, in some situations, a spouse’s recreational marijuana use may affect certain aspects of the divorce case.

Marijuana Use and Asset Dissipation

Couples who divorce in Illinois must come to an agreement on how their assets will be divided. The only assets that are subject to division are marital assets or those gained by either spouse during the marriage. This can include income or money in savings accounts. Asset dissipation occurs when one spouse uses marital property for their own benefit for a purpose unrelated to the marriage, while the marriage was undergoing an irretrievable breakdown. If a spouse has a habitual and excessive cannabis hobby, the other spouse may be able to claim that the cannabis-using spouse dissipated marital assets to fuel their cannabis use.

Marijuana Use and Child Custody Concerns

If a couple has children during a divorce, they must also come to an agreement as to how their children will be raised after the divorce. Couples with children must come up with a parenting plan that outlines the time that each parent will spend with the child and what kind of decision-making responsibilities each parent has concerning their child.

...

Illinois divorce attorney

What do you think of when you think of a private investigator? You might think of a detective in a trench coat lurking in the shadows. While the image of private investigators in the eye of Hollywood is exaggerated, the actual job of a private investigator is exactly what it sounds like — to investigate. A private investigator might seem unnecessary during a divorce, but having a private investigator on your team can actually be beneficial. Here are a few ways a private investigator can be of use during your Illinois divorce:

  • They can investigate a spouse who might be cheating. The Illinois Marriage and Dissolution of Marriage Act states that decisions during the divorce will be made “without regard to marital misconduct.” This means the court cannot take into consideration the fact that a spouse committed adultery when it comes to issues such as asset division and child custody. However, a private investigator may be able to determine if a spouse dissipated or “wasted” marital assets on a lover. If it is found that your spouse dissipated assets, the court will adjust the division of assets accordingly.
  • They can help alleviate child custody concerns. Your utmost priority during a divorce and in general is the wellbeing of your children. In some cases, you may be concerned about the safety of your children during your spouse’s parenting time. If you are concerned that your spouse is being reckless or endangering your children, a private investigator can help.
  • They can help identify hidden assets. Another role a private investigator can play is by looking through your financial records and making sure everything looks correct. Before you divide your assets, you should hire a private investigator to determine if your spouse is hiding assets from you or not. A private investigator has the skills needed to notice errors on tax returns or bank statements that could suggest hidden assets.
  • They can ensure your spouse does not have you under surveillance. If your spouse was controlling during your marriage, there is a good chance they could also be controlling during the divorce. Even if they were not controlling during the marriage, divorce can change some spouses, pushing them to spy on you. A private investigator has the tools and technology needed to discover if your spouse has been tracking your location or monitoring your electronic devices.

A DuPage County Divorce Attorney Can Guide You Through the Process

...

Illinois divorce attorney, Illinois family lawyer, IL child custody lawyerThe “dream” divorce, if there is such a thing, is one in which both spouses are amicable with each other, still respect one another, and are willing to work together. While this may be a reality for a lucky few, the majority of divorces are going to involve some degree of animosity between the spouses. In some cases, the tension between the spouses can get so bad that a spouse will do anything in his or her power to keep their soon-to-be-ex from getting their fair share of marital assets. In these cases, the spouse may do what is considered marital asset dissipation.

What is Dissipation?

The Illinois Supreme Court defines dissipation 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 the marriage at a time the marriage is undergoing an irretrievable breakdown.” Dissipation can include intentional wasting, spending, destroying or otherwise squandering marital assets for the simple purpose of depriving the other spouse of the asset. Examples of dissipation can include:

...
bbb cba dcba isba lcba lod super lawyers 10 best asla collaborative expertise
Facebook Twitter
Search
Back to Top