Gifts and Inheretence

Question

I received a gift during my marriage.  Do I have to share it with my spouse now that we are separated? 

Answer

Under the Family Law Act, married parties each calculate the growth in their net worth over the course of the marriage and equalize the amounts so that each benefit equally from the marriage as it relates to property. 

However, if one party received a gift or an inheritance from a third party during the marriage, the Family Law Act allows certain property to be excluded from the calculation of…