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Arlington Heights divorce attorneysWhen a married couple decides to divorce, they have two options for property division: the couple can decide how to split their marital estate or the courts can make this decision. Usually, court intervention is reserved for couples who cannot come to an agreement about how assets and debt should be divided. Illinois courts use a methodology called “equitable distribution” to fairly divide assets and debt between the parties in a divorce.

When one spouse wastes or recklessly depletes marital funds, this is referred to as “dissipation.” If you have concerns that your spouse has dissipated assets, you may be able to recover the cost of these assets during property division.  

What Are Dissipated Assets?

In the realm of family law, the term “dissipation” generally means to waste by misuse or to spend extravagantly. The Illinois Supreme Court has defined dissipation as one spouse using marital funds for purposes not related to the marriage while a marriage is in the midst of an “irretrievable breakdown.” Not just any spending is considered dissipative; the spending must take place during a certain timeframe. The superfluous spending must be substantial, not beneficial to the marriage, and it must take place after the irretrievable breakdown of the marriage has begun. This “breakdown” is generally considered to be the time when the couple has ceased attempts at reconciliation and when divorce is inevitable.

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Arlington Heights divorce and child custody attorney

A divorce can be considered a good decision for some family units. However, when there is a child involved, the process can sometimes become contentious. Illinois law allows for parents to set up a schedule for child custody, now referred to as “allocation of parental responsibilities.” These are all based on what is in the best interest of the child.

How Is Child Custody Determined?

Most of the time parents agree to the terms of the allocation of parental responsibilities in court. If the parents cannot come to an agreement, then a judge will decide which parent will act in the best interest of the child. The court will decide which parent--or sometimes both--can make the best choice for the child in many different areas, including:

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Arlington Heights prenup lawyer

Going through a divorce can be a messy process, especially when it comes to splitting the assets between the two partners. Sometimes, it is hard to agree upon how to divide certain pieces of property, businesses, monetary assets, etc. so that both parties can separate happily. This is why many people do not enter a marriage without a prenuptial agreement. This is a legal and binding document signed before a marriage begins, and it predetermines who is entitled to what assets in case of a divorce.

What Can Be Included in a Prenuptial Agreement?

Illinois law says that issues related to a couple's children, such as child support and the allocation of parental responsibilities, may not be affected by a prenuptial agreement. Things that can be protected by means of a prenuptial agreement include:

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