All property that marital partners acquire through their skill or labor during their marriage is, in almost all cases, marital property. Each spouse legally owns half of the marital property even if only one spouse worked outside of the home and even if the property is in only one spouse’s name.
Marital property is jointly owned, but so are marital debts including credit card bills, even if the card is only in one spouse’s name. (Student loans, however, are always considered personal debts.) Marital possessions and debts are equally divided in a California divorce unless you and your spouse mutually agree to another arrangement.