Castle Law Legal Issues Blog

How to manage your finances during a divorce

One of the most frightening things about going through a divorce is realizing you will be going from a joint income to a single income household. For many people, the thought of paying all the bills on their own seems next to impossible. And yet, half of all U.S. marriages end in divorce, and all of these people manage to make it on their own.

If you are going through a divorce, you may also be concerned about how you will support yourself. Here are some ideas to help you manage your finances while going through a divorce.

Common mistakes made when closing on a home

Whether you are a first-time homebuyer or onto your second or third purchase, closing on a house can be a complicated process. You are making a big decision. Buying a home is one of the biggest investments you can make in your lifetime. That's why it's so important for the closing to go smoothly.

It's helpful to read up on some common mistakes homebuyers tend to make.

It’s time to adopt the step children, here’s how

Why not remove the title as stepfather to become the kids “father?”

You love your stepchildren. From the moment you met them to the day you married their mother – you committed to having a hand in raising them. They feel as if they are your own. Along with your spouse, there’s a feeling to make it official. Yes, you may legally be their father. Since both you and your wife agree, this makes the process much easier to get done – especially living in Illinois.

What you need to know before becoming a real estate investor

Investing money in real estate has been an effective way to grow wealth for generations. Buying and potentially developing property can bolster your cashflow as a side business, or, if you operate intelligently, could become a major business for you.

Assuming you have accrued the startup capital, there are some things you should know before you cut your first check.

Options when you're owed unpaid child support

If you thought the process of obtaining a court order so that you may be eligible to collect child support from your ex, the process of actually collecting support can be a slow, arduous process. As terrible as it may sound, having a court order does not guarantee payment of child support.

A 2013 U.S. Census Bureau report indicates that less than half of parents with current support orders are collecting the full amount ordered to be paid each month. As such, the State of Illinois can pursue a variety of actions on order to enforce support orders.  For instance, the state can:

Is there a link between stepchildren and divorce?

Television producer Sherwood Schwartz came up the idea for the popular 70's sitcom, "The Brady Bunch," after reading an article in The Los Angeles Times. What stood out to the Hollywood creator was a singular fact in the story: 30 percent of marriages in the United States have a child or children from a previous marriage.

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