In her latest column for the Chicago Daily Law Bulletin, Divorce and Family Law Partner Beth F. McCormack discusses the new tax law. The Tax Cuts and Jobs Act passed at the end of 2017 has a major effect on certain financial aspects of the divorce process in the state of Illinois. Due to these changes, Ms. McCormack has explained some of their effects. In the article, Beth also explains what divorcing couples should do to both prepare for and take advantage of these changes.
Beth not only explains the effects of the act on divorce and maintenance. In addition, she discusses how the act effects businesses as well as post and prenuptial agreements. Tax reform has drastically changed the landscape of divorce and maintenance. Because of this, those who may be going through divorce must be aware of the changes and their effects
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About Beth McCormack
Beth F. McCormack practices exclusively in family law matters, with experience in complex litigation, as well as mediation and collaborative law.
The philosophy under which Ms. McCormack practices is founded on compassion and empathy. She sees it as her responsibility to be aware of her clients’ needs, seeking the most appropriate solution for each individual.