Division of Property

Division of property in marriage and divorce refers to how assets and debts accumulated during the marriage are divided between spouses when they separate. This includes things like homes, cars, savings, and personal belongings. The process can vary by jurisdiction, but typically aims for an equitable distribution, meaning a fair share for both parties, though not necessarily equal. Factors like the length of the marriage, each spouse’s financial situation, and contributions made during the marriage are considered. It's important for both parties to be transparent about their assets to ensure a fair division.