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Old 04-13-2011, 12:17 PM
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NBDad NBDad is offline
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Married or common law? I ask because it can make a BIG difference in how to apply equalization.

Inheritence has to be clearly designated as such. If it was cash that he then decided to purchase X with for the family/household....asset.

If the item was given to him IN A WILL, then inheritence.

The distinction can get very grey. Property is pretty clearcut...either split it accordingly, OR if he takes it all, then it's part of HIS equalization. If there are not sufficient funds to cover it, then he has to take out a mortgage/etc to buy you out of your share.