What does equal division mean?

If you take your case to court, the Family Code requires an equal division of assets and debts. 

There are two types of equal division that a Court will use to divide community property- both assets and debts.  

In Kind Division - Is when the Parties divide the asset in two (stock, cash).

Asset Distribution - If the property is something that cannot be divided one side will get an asset of equal value or cash. Examples include - houses, stock portfolios, lines of credit.  

Here is a sample equalization chart. Spouse 1 takes on the credit card debt and has to give Spouse 2 a $50,000 payment so that both Spouses are equal at the end of the day.