glossary

equalization payment

An equalization payment is money one married partner can sometimes get from the other partner after they separate or the other partner dies. Its purpose is to share the amount that the couple's property increased in value while they were married.

To calculate the equalization payment, each married partner calculates their net family property. The partner with the larger net family property subtracts the other partner's smaller net family property to find the difference between both net family properties. This difference is then divided in half to get the equalization payment that the first partner pays to the other partner.

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