how do you divide property in a divorce

[DeDaisy]

To divide property in a divorce, first identify and classify all marital assets and debts, then assign them a monetary value through a valuation process. Finally, divide the net assets according to a negotiated agreement or a court order, which is often an equitable, but not necessarily equal, 50/50 split, depending on state law and specific circumstances like financial needs, duration of the marriage, or contributions like caregiving.