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Difference between revisions of "Family Law Act Basics"
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→Value of property
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====Value of property==== | ====Value of property==== | ||
The value of property is what a reasonable | The value of property is what a reasonable person would pay to buy the property in its current state. This is called the property’s ''fair market value''. | ||
The date property is valued is the date of the agreement or court hearing dividing the property. | The date property is valued is the date of the agreement or court hearing dividing the property. | ||