Couples in California who decide to end their marriage can often work out many legal issues between themselves through out-of-court negotiations. One of these legal issues is property division. However, in California, even if a couple has already agreed on how to separate their property, until the final divorce decree is issued, any community property owned by the couple still belongs to both of them, and legally will not be considered separate.
When dividing property in a divorce, it is often good to do so in a way that allows each party to walk away with about an equal amount of the property. Of course, this doesn't mean everything has to be split equally down the middle. For example, if a couple has two bank accounts, instead of each of them splitting the money in each account, they can each take over one account if the value of the accounts is relatively the same. Or, if one account is much more valuable than the other, one party can keep the bank account, while the other party can be awarded some other property of equal value.