A key component of this is understanding the concept of 'excluded property'. Excluded property refers to certain types of property that are not included in the net family property calculation, which is the method used to divide property between spouses during a divorce or separation.

Upon the breakdown of a marriage, an important aspect to consider is the division of property. In many jurisdictions, the goal is to equalize the value of the property acquired during the marriage. However, what is often overlooked are the exceptions to what is included in calculating net family property, also known as exclusions. These exclusions play a significant role in determining the final net family property figure and can greatly influence the division of assets.