How much does one spouse owe the other?
Work out the equalization payment that makes your property split match 50/50 — or any percentage you agree — from the items each of you keeps.
Cent arithmetic
Targets and shared amounts round to whole cents. Exact half-cent ties round away from zero for the first spouse; the second gets the residual. Equalization is the difference between those rounded targets and awards. The same rule applies to scenarios and debts. This numerical convention is not a legal allocation rule.
How the division works
List every asset and debt with a reviewed value, whether it's marital (from the marriage; “community” in community property states) or separate (owned before, inherited or gifted), and who keeps it. The net marital estate is marital assets minus marital debts. Each spouse's share is their percentage of that net. What each actually takes home — the items they keep, net of the debts they take on — rarely matches, so one spouse pays the other an equalization payment for the difference. Separate-labelled rows are held outside this chosen mathematical scenario; legal treatment requires review.
Pick the percentage, and Equalsheet compares each spouse's share of the net with what the items they keep are worth. The difference is the payment, and the what-if shows how it moves if the split changes by 5, 10 or 15 points.
The sample is a fictional couple, Alex and Sam, with $946,500.00 of marital assets and $426,000.00 of marital debts — a net marital estate of $520,500.00. Alex keeps the home, its mortgage, a 401(k) and a credit card ($397,300.00 net, including half of a brokerage account they'll sell); Sam keeps the checking account, an IRA, a car and its loan and the furniture ($123,200.00). To split 50/50, Alex pays Sam $137,050.00. The fictional scenario holds separate-labelled property outside the calculation.
Your figures stay on your computer
Equalsheet reads your file with JavaScript in this browser tab. Nothing is uploaded, and the rows are gone when you close the tab.
How it works
- List your assets and debts — item, asset or debt, marital or separate, today's value and who keeps it — in the template, or try the sample.
- Enter both names and the split (a chosen modelling assumption) and your state's approach.
- Print the division with the equalization payment and the notes to discuss with your attorney or mediator.
FAQ
Is my data uploaded?
No. Your files are read by JavaScript in your browser tab and never sent to us or anyone else. Property rows aren't stored, so closing the tab clears them. Settings can be saved in this browser if you ask.
What does Equalsheet do?
It reads a list of a couple's assets and debts, totals the net marital estate, sets separate property aside, works out what each spouse is awarded from the items they keep, and computes the equalization payment that makes the split match 50/50 or the percentage you choose.
What is an equalization payment?
When the items one spouse keeps are worth more than their share of the net marital estate, they pay the other spouse the difference. This worksheet expresses a cash-equivalent difference; lawful transfers, account orders and tax treatment require separate review.
Does it know my state's law?
It applies the percentage you enter. The percentage is a modelling input. State laws and court powers vary, and a community classification does not establish a universal 50/50 rule. Separate-labelled rows are held outside this scenario, not legally protected by this tool. Review jurisdiction-specific advice before using a proposal.
What's free?
Importing within the shared input limits, the full division after valid intake, the equalization payment, every check, 3 split what-ifs and 12 items on screen and in print (with a footer). Pro shows every accepted item and adds Excel and CSV exports; input limits still apply.
What isn't covered?
Child and spousal support, alimony, tax on transfers, business valuation, the valuation date your state uses, tracing of commingled separate property, and court forms. It is a worksheet, not legal or tax advice.
Is this legal or tax advice?
No. Equalsheet applies the arithmetic it describes to the figures you provide. It is a worksheet to prepare with — check with a family law attorney, mediator or tax adviser before you sign a settlement. It is not affiliated with any court.