When a relationship ends, one of the most urgent and emotionally charged questions couples face is what will happen to the family home — and, just as importantly, what will happen to the mortgage tied to it. For many Albertans, the home is the largest asset and the mortgage is the largest debt. Deciding who stays, who leaves and who pays can quickly become complicated.

When couples separate, questions about how to divide the home, savings, debt and other assets often take centre stage. Many Albertans search online for information about “equalization payments” — a term commonly used in Ontario.

Financial issues often become the most complicated part of a divorce. While the family home is usually the first asset people think about, pensions and RRSPs can be just as significant — and sometimes even more valuable.