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Upon separation, married spouses divide all their property 50-50%?

April 26, 2017divide married Property Separation spouses

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Upon separation, married spouses divide all their property 50-50%?

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No. Married spouses are entitled to an equalization of net family property. This is the result of a complex calculation which excludes pre-marriage acquired property, certain gifts received during the marriage and a number of other specific property. Also there are special rules regarding the matrimonial home.