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BETH McCORMACKDiscreet Counsel for Complex Divorce

High-Net-Worth Divorce

When family, wealth, and privacy are all at stake.

High-net-worth divorce requires more than legal skill. It requires strategic judgment, discretion, and the ability to see how each decision may affect the client’s family, financial future, business interests, and private life.

Beth guides clients through high-stakes decisions with clarity and privacy, and leads a team chosen for the specific issues in their case.

Beth McCormack in blue, working at her desk

Complex wealth changes the divorce process.

For high-net-worth clients, divorce is rarely limited to the division of property. The process may involve business valuation, trusts, inherited wealth, executive compensation, private investments, real estate, tax considerations, parenting arrangements, reputational concerns, and the need to protect sensitive information.

Beth’s role is to identify the issues that matter most, anticipate where complexity may arise, and shape a strategy that reflects both the legal landscape and the client’s long-term priorities.

Why These Matters Are Different

The legal issues are only part of the picture.

A high-net-worth divorce can affect far more than the marital estate. It can reshape family relationships, business operations, liquidity, privacy, parenting expectations, estate plans, and the client’s ability to move forward with confidence.

Beth approaches these matters with the full picture in mind. She considers not only what the law allows, but what the client needs protected, what information must be understood, and what strategy will best serve the client’s future.

Core Complexity Areas

Experience with the issues that define high-net-worth divorce.

Business Ownership

Divorce involving a business or professional practice requires careful attention to valuation, income, liquidity, control, and continuity. Beth helps clients understand how business interests may affect the overall strategy and which questions need to be answered early.

Trusts and Family Wealth

Inherited assets, trusts, family financial structures, and separate property questions require a careful and informed approach. Beth helps clients navigate these issues with attention to both legal position and family context.

Executive Compensation

Bonuses, equity, deferred compensation, stock options, and nontraditional income can complicate financial analysis. Beth brings clarity to compensation structures that may not be obvious on the surface.

Real Estate and Lifestyle Assets

Primary residences, vacation homes, investment properties, collections, and other significant assets can carry both financial and emotional weight. Beth helps clients evaluate these assets as part of a broader strategy.

Privacy and Reputation

Privacy is often central in high-net-worth divorce. Beth considers how information, communication, public filings, and professional reputation may affect the client and the family.

Children and Parenting

Children’s stability remains central even when the financial issues are substantial. Beth helps clients keep parenting, education, family routines, and long-term relationships in view throughout the process.

Beth’s Approach

Measured strategy. Quiet strength.

Beth’s approach is deliberate, not reactive. She helps clients understand where to be firm, where to be flexible, and where restraint may be more powerful than escalation.

Every matter is different. Beth begins by understanding the client’s priorities, the family dynamics, the financial landscape, and the risks that may not yet be visible. From there, she leads the strategy and curates the right legal team around the matter.

Private Client Focus

For clients whose lives do not fit a standard process.

Beth’s clients often come to her with concerns that are both practical and deeply personal. They may be worried about children, privacy, liquidity, reputation, business continuity, or whether they fully understand the financial picture.

They do not want drama. They want strategy. They want counsel who can see the whole board, manage complexity, and help them make decisions with confidence.

The Curated Team

A complex matter deserves the right team.

High-net-worth divorce often requires more than one type of expertise. Beth sets the strategy and brings in the attorneys and professionals each issue calls for, whether that means business valuation, trust analysis, or parenting support. The goal is to give the client clarity, coordinated support, and the level of attention the case requires.

Beth McCormack with members of her team on the terrace

Questions I Hear Most

What clients ask me first.

These are the questions clients and their advisors ask me most often. The answers are general. Every family’s situation is different, and the right answer for yours depends on the details.

When should I talk to a divorce attorney?

Before you make any major decision, and ideally before anyone files. The choices people make in the weeks before a divorce, such as moving out, moving money, or signing something “just to keep the peace,” can shape the entire case.

An early conversation does not commit you to anything. It gives you a clear picture of where you stand, what your options are, and what to protect while you decide. Some of my most important work happens before a single document reaches the court.

How is property divided in an Illinois divorce?

Illinois divides marital property equitably, which does not always mean equally. The court considers a range of factors, such as each spouse’s contributions, the length of the marriage, each person’s economic circumstances, and any prenuptial or postnuptial agreement.

The first question is always what counts as marital. Property acquired during the marriage is presumed to be marital. Gifts, inheritances, and property owned before the marriage are generally non-marital, although tracing them can become complicated when funds have been mixed over the years. Getting the classification right often matters more than any argument about percentages.

What happens to my business in a divorce?

It depends on when and how the business was built, what it is worth, and who will run it going forward. If it was started or grown during the marriage, some or all of its value is likely marital.

Valuing a closely held business or professional practice requires a qualified business valuator, and the method matters. Illinois courts distinguish between enterprise goodwill, which belongs to the business and can be divided, and personal goodwill, which is tied to the owner’s own skill and reputation and is not divided as a marital asset.

Often the most workable result leaves the business with the spouse who runs it and balances the division with other assets or payments over time. Keeping operations stable is usually in everyone’s interest, including the spouse who is not involved in the business.

Can my divorce stay private?

More than most people expect, though not completely. Divorce files in Illinois are generally public, but there are meaningful ways to limit what appears in them.

Illinois law allows a settlement agreement to state that its terms will not be written into the court’s judgment. The judgment then identifies the agreement and records that the court approved it, without reciting the financial details. Court rules also keep sensitive identifiers, such as Social Security and financial account numbers, out of public filings. Mediation and the collaborative process keep negotiations out of the courtroom entirely.

Privacy should be planned from the first conversation, not addressed after something has already been filed.

Will our prenuptial agreement hold up?

A carefully prepared prenuptial agreement is difficult to set aside in Illinois. A court will not enforce one if the spouse challenging it proves they did not sign it voluntarily, or that it was unconscionable when signed and they did not receive fair financial disclosure, did not waive that disclosure in writing, and could not reasonably have known the other spouse’s finances.

There is one important exception for spousal support. If a prenup limits or eliminates maintenance, and enforcing that term would cause undue hardship because of circumstances no one could reasonably foresee when it was signed, the court may order support anyway. The strength of an agreement usually traces back to how carefully it was prepared and signed.

Planning an agreement before or during a marriage? See prenuptial and postnuptial agreements.

How are stock options, restricted stock, and bonuses handled?

They are often marital to the extent they were earned during the marriage, even if they will not vest until after the divorce. Illinois law specifically directs courts to allocate stock options and restricted stock when the divorce is finalized.

The harder questions are practical. Which grants reward work done during the marriage, and which are incentives for the future? How will taxes be shared? What happens if an award never vests? Executive compensation rarely fits neatly into a property list, so these terms need to be drafted with care and, often, with help from the client’s financial advisor or a financial neutral.

How does maintenance work when incomes are high?

When the spouses’ combined gross annual income is $500,000 or more, the Illinois guideline formula for maintenance does not automatically apply. Instead, the court decides whether maintenance is appropriate, and in what amount and for how long, by weighing the factors set out in the statute.

Those factors include each spouse’s income and property, earning capacity, the standard of living during the marriage, the length of the marriage, and any agreement between the spouses. At higher incomes, preparation and a clear financial picture matter enormously, because the outcome is shaped by judgment rather than a formula.

How are decisions about our children made?

Illinois no longer uses the word “custody.” Instead, courts allocate parental responsibilities, which has two parts: significant decision-making, such as education, health care, and religion, and parenting time.

Every allocation is based on the child’s best interests. Each parent must file a proposed parenting plan, usually within 120 days. The strongest plans are the ones parents build together, with enough detail on holidays, travel, schools, and communication that the children are never left guessing.

Does my divorce have to go to court?

Every Illinois divorce is finalized by a court judgment, but most do not require a trial. Many are resolved through negotiation between attorneys, mediation, or the collaborative process, where both spouses and their attorneys commit to resolving the matter outside the courtroom.

In the collaborative process, communications are generally privileged and cannot be used as evidence in court. If the process does not succeed, the collaborative attorneys step aside and each spouse retains new counsel for litigation. That commitment is part of what makes the process work.

When a case does need to be litigated, I am prepared to do that. The right path depends on the issues, the people involved, and what the client needs to protect.

Can you help if our lives span more than one state or country?

Yes. Many of my clients live, work, or hold assets in more than one place. To file for divorce in Illinois, one spouse must have lived in the state for at least 90 days, but the assets, businesses, and family members involved often reach much further.

When another state or country is involved, I coordinate with counsel there so that each part of the matter is handled under the right law. Questions such as where to file, which court has authority over the children, and how foreign or out-of-state assets will be divided should be answered early, because they can change the entire strategy.

What should I do, and avoid, before I file?

Gather information, protect your privacy, and avoid sudden moves. Start with recent tax returns, account statements, business records, and any prenuptial or postnuptial agreement.

Do not move, spend, or hide marital funds. Illinois courts can hold a spouse accountable for marital money used for purposes unrelated to the marriage once it has begun to break down, and the effort to hide assets almost always costs more than it saves. Stay off social media about your marriage, keep your children’s routines steady, and do not sign anything before you understand it.

Who will work on my case?

I do, as the case-managing partner, with a team chosen for what your matter requires. Depending on the issues, that may include other partners and associates at Beermann, paralegals, law clerks, and outside professionals, such as business valuators, financial neutrals, therapists, or child specialists.

You will always know who is involved and why. When you first call, you will most likely speak with Erin Feldman, who handles intake for my office with complete discretion.

These answers provide general information about Illinois family law and are not legal advice. Reading them does not create an attorney-client relationship. Every matter depends on its specific facts.

How to choose a high-net-worth divorce attorney in Chicago

Protect what matters from the first conversation.

If you are facing a high-net-worth divorce or guiding a client through one, a confidential first conversation can clarify what to protect and what comes next.

Contacting Beth’s office does not create an attorney-client relationship. Representation is subject to conflicts checks and formal engagement procedures.