How will my marital assets and debts be divided? Written By Sandra McCarthy Founder, A People’s Choice Fact Checked Although California community property laws require courts to divide marital assets between both spouses 50/50, the parties can mutually agree to any other division they feel is fair and equitable. If the parties do not agree, then most likely the court will divide all community assets and debts down the middle between both parties. This includes bank accounts, retirement accounts, real estate, household goods and furniture and vehicles. By Sandra McCarthy|January 13th, 2021|Divorce FAQs|Comments Off on How will my marital assets and debts be divided?