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Division of Assets - Coggle Diagram
Division of Assets
Assets
The biggest asset
matrimonial home
Total all the assets the couple have
Outstanding debt is deducted
Net family property
Equalization payment
There are exceptions
Timeline
pre-80s
Only monetary considerations
post-80s
Contributing in terms of keeping the home and raising kids are included
Assets
items the couple has acquired over the course of the relationship
Upon death
A will is a very good idea
When a person dies w/out a will
They die intestate
Common law