MARITAL PROPERTY (MARITAL ASSETS) AND MARITAL DEBTS If a settlement cannot be reached, the court will divide the marital assets in retirement accounts. Generally speaking, anything purchased during the period of time considered as “the marriage” will be deemed marital property, even if it was purchased or put in only one party’s name. Marital assets (or martial property) include a home, other real estate, cars, furniture; businesses owned by the parties, jewelry, art, investments, insurance policies, annuities, rights under some lawsuits, and even pets. To be marital proprerty does not require your name does not appear on the title to property so long as it was purchased during your marriage. Even though the title looks as though the property is separate, you may be entitled to half. With respect to the martial debts, In Pennsylvania, marital debts are defined as debts that were acquired by either spouse after the marriage date and before the date of separation. Common marital debts include credit card bills, mortgages, car loans, home equity loans, tax obligations and judgments, even if only in one spouse’s name appears, if the credit was used during the marriage, both parties are responsible.