Step 1: Each spouse must calculate his or her “net family property” (NFP).To do this, each spouse adds up the value of his or her property (less any debts) on the date of separation and subtracts the value of his or her property (less any debts) on the date of marriage.

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Section 4(2) of the If property is acquired by one spouse from someone outside the marriage by way of a gift or by way of inheritance, for instance, then the value of that particular property is not shared because it is not the product of the contributions made by the couple during the marriage.

When a married couple separates, generally each spouse keeps their own property but they share any in the value of their property that occurred during their marriage.

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