Getting a divorce can have a significant impact on your finances, because marital assets are commonly divided between the two spouses.

Texas is an “equitable distribution” state, meaning that in a divorce assets are divided fairly, though not necessarily equally. If one spouse is the sole breadwinner in the marriage, the unemployed spouse may be granted a smaller percentage of the total marital assets upon divorce.

However, a spouse may be granted other types of financial assistance in a divorce, such as child support and alimony, that help a spouse to support himself or herself, as well as any children.

If you are considering or anticipating divorce, please contact the Houston divorce lawyers of Garg & Associates, P.C. today at 281-362-2865.