Divorce can make some people act in irrational or even malicious ways. One example of this is when a spouse purposely destroys the other spouse’s property. A resentful spouse may set fire to the other’s belongings, throw out important documents, or sell valuables for cash. If your spouse has destroyed your property or wasted assets during or immediately prior to your divorce, it is important to take steps to protect yourself and your property. It is also important to educate yourself about your legal options moving forward. You may be able to recoup the value of the destroyed property through a dissipation claim.
Get a Financial Restraining Order to Protect Your Assets During Divorce
If your spouse is intent on seeking vengeance through selling your property, destroying your assets, or emptying joint bank accounts, you need to take immediate action to protect your finances. One option is to request a temporary financial restraining order. This is a court order that prevents both you and your spouse from making unusual financial transactions or significant purchases. A financial restraining order freezes joint accounts and protects marital assets. The order also prevents the spouses from spending, transferring, selling, or hiding funds or property.
A Dissipation Claim May Allow You to Recover the Value of Wasted Assets
If your spouse has already misused, wasted, or destroyed assets, you may still be able to reclaim the value of these assets. Per Illinois law, “dissipation of assets” occurs when a spouse wastes assets during the end of the marriage. More specifically, dissipation involves using assets in a way that only benefits one spouse while the marriage is experiencing an “irretrievable breakdown.” Case law has established that dissipation may involve wasting marital or non-marital assets. A marriage is considered to be in an irretrievable breakdown when the end of the marriage is inevitable, and the spouses have stopped trying to salvage the marriage. Through a successful dissipation claim, you may be awarded a proportionally greater share of the marital estate to compensate you for the wasted or destroyed assets.
Contact a Wheaton Divorce Lawyer
At the Stogsdill Law Firm, P.C., we are familiar with the tactics that vengeful spouses may use to harm the other spouse financially. A DuPage County divorce attorney from our firm can help you take the steps needed to protect your finances during your divorce. Our team can also help you file a dissipation claim, seek an equitable share of the marital estate, and address other divorce issues like child custody or spousal maintenance. Call 630-462-9500 for a confidential consultation.