"Division of marital assets" refers to the process of dividing or sharing the property and possessions between spouses when they decide to end their marriage through divorce or separation. Full definition
We use financial consultants to determine the equitable division of all marital assets. (mhslaw.net)
The costs of marriage break down are extensive; existing debt, disputes over division of marital assets, mounting legal fees, lost time from work, lost wages, emotional trauma etc.. (divorce-canada.ca)
Remember, equitable does not mean an equal division of the marital assets. (divorcesource.com)