Asset Division refers to the process of distributing property and financial resources between parties, often during events like divorce or business dissolution. This process aims to ensure a fair allocation of assets, which can include real estate, bank accounts, investments, and personal belongings. The division can be influenced by various factors, such as the length of the relationship, contributions made by each party, and local laws. In many cases, assets are categorized as either marital property or separate property, with marital property typically being subject to division while separate property remains with its original owner.