Property registered solely in one spouse's name constitutes part of the 'assets of the spouses' under section 7(1)(a) of the Matrimonial Causes Act and can be distributed upon divorce. The court is empowered to order that any asset be transferred from one spouse to the other regardless of registered ownership. When assessing distribution, courts must consider both direct and indirect contributions to the family under section 7(4)(e), including contributions to looking after the home, caring for the family, and other domestic duties, which cannot always be quantified in monetary terms. The contribution to be considered need not be towards the acquisition of the specific asset to be distributed, but rather contributions to the family generally. Courts must apply all factors in section 7(4) including earning capacity, future needs and obligations, standard of living, physical and mental condition, contributions, lost benefits, marriage duration, and conduct, endeavoring to place spouses in the position they would have been in had the marriage continued, as far as reasonable, practicable and just.