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While adultery and betrayal can be central to any divorce, there seems to be no greater betrayal than financial betrayal. Illinois, while being a no-fault state for divorce, does recognize financial betrayal and takes strict accounting of extreme financial malfeasance on the part of either spouse. This accounting of marital moneys spent on girlfriends, boyfriends, drugs, gambling or other non-marital purposes is referred to as a “dissipation of assets.”
What Is A Dissipation Of Assets In An Illinois Divorce?
“Dissipation is defined as the use of marital property for one spouse’s sole benefit for a purpose unrelated to the marriage…
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