Whether you live in a minimalist apartment and get around on public transit, or own a big house with a two-car garage, you and your spouse probably own some amount of property, and if you're like most people, you have debts as well. If you're going through a divorce, you have to make decisions about how to divide your property and the debts. Ideally, you and your spouse will decide together how you want to divide the marital property--you'll have to decide things like whether one of you will keep the family home and buy out the other spouse's interest or whether you'll sell the house; who will keep the furniture and other tangible property; how you'll divide retirement assets that each of you has accrued through your work; and how to deal with marital debts. If you can't agree on these issues yourselves, you'll have to ask a judge to divide your property for you.
Divorce and Property Division Laws by State:
Rules for dividing marital property in a divorce vary by state. Choose the state in which your divorce is taking place to learn about its property division rules.