A concern for anyone going through a separation or divorce is how the property, bank accounts, and other assets you have will be divided when you separate. The first step in the process is figuring out whether the property you have is marital property or separate property.
Marital property usually includes the assets and debts you acquire during your marriage — It does not matter how something is titled.
If it accumulated during your marriage, it is marital property.
If it is a debt that accumulated during the marriage, it will be considered marital debt. An example of marital property that surprises many people is a retirement account that is separately titled. The portion of the retirement funds that accumulated during the marriage will be considered marital property. How the account is titled does not matter as long as the funds were acquired during the marriage.