First, the couple must identify and list all their assets, including properties, vehicles, bank accounts, investments, and other valuable possessions. The value of each asset is determined based on its market value at the time of the divorce.
Next, the couple must identify their debts and liabilities, which are subtracted from the total value of the assets. The remaining value is then divided equally between the two parties.
In some cases, the division of assets may be complicated by disputes over the ownership of certain assets or the validity of certain claims. In these situations, the parties may need to hire lawyers or other professionals to help resolve the issue.