The division of your assets can be extremely simple or extremely complicated depending on your situation, the amount of assets that you own and your ability or willingness to compromise. Dividing the marital assets is a multi--faceted aspect of any divorce. You must consider tax implications and long term concerns as well as short term. Your retirement accounts, for example, can be and often are marital assets that must be divided. The same goes for your house or even tax credits that you and your spouse earned.