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in a divorce proceeding the first step to calculating the equalization payment is to complete a form 13 1 or a financial statement the formers two parts the first part of the form itemizes your income and expenses disclosure must also include three years of personal income tax returns and notices of assessment the second part of the form calculates whats known as the net family property which essentially is the growth in the spouses net worth from the date of marriage to the date of separation the values of each of the assets and liabilities need to be disclosed at three discrete depths date of marriage head of separation and at a current date net family property is the growth in a spouses network from the date of marriage to the date of separation first you list the values of all the assets at the date of separation these would include bank accounts are ESPYs GF essays home cottage brokerage accounts business interests money Oh to the spot and so on next you deduct all liabilities
