In most cases, each Party is entitled to approximately half (50%) of what both Parties accumulated (both assets and debts) during the marriage. However, if you and your wife have been separated for 13 years, you may want to argue that each simply keeps what they have at this point. You need to ensure the Judgment of Divorce clearly states what each Party is responsible for, as to both assets and debts.
Answered on Jan 22nd, 2014 at 11:17 AM