You will each keep the assets that you acquired during the marriage and divide the assets that you acquired before the marriage. For example, if you bought your spouse a ring when you married her, she would keep it after you divorce. And if you bought your spouse a car, you would keep it.If there are assets that were jointly owned before the marriage, such as a house or investment account, those will be split 50/50 between the two of you. And if there are any debts that were incurred by both spouses, they will be split as well.