Equalization of Net Family Property

  • The idea is for each party to walk away from the marriage with ½ the net benefit gained during the marriage. No spouse gets 1/2 of the other spouse’s property.
  • Consideration is given to the value of your assets less your debts/liabilities on the day you separated (known as the Valuation Date). The same is done for the other spouse. It may be wise to obtain an appraisal report with respect to certain properties. Some types of property depending on its origin may be discounted.