It may seem silly but we each have separate laundry baskets; one on my side of the closet, one on his & the kids share one.
The baskets are pretty small so they fill up fast, but this system works. I think it is good for a few reasons.
Since the baskets are not big, you never have heaps of laundry to wash and fold, which is dreadful. And when it comes time to putting it away, it all goes in the one closet so you aren't sorting it all out.
I usually do one basket every other day or so.... so it's just a little bit here and there. And as a rule, I never do laundry on the weekends.