Achieving fair share: equalizing family assets: When a marriage comes to an end, the Family Law Act mandates a process called equalization of net family property. This process ensures that the overall value accumulated during the marriage is fairly distributed between both spouses. It recognizes the contributions made by each spouse to the marriage, irrespective of legal ownership. If one spouse has accumulated more net family property than the other, a payment known as an equalization payment is owed to achieve a balanced outcome. The first steps in dividing assets…