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Is a lottery win subject to equalization?

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Is a lottery win subject to equalization?

A lottery win may be subject to equalization depending on timing and ownership.Generally: if the lottery win occurred before separation and the winnings or remaining proceedsexist on the valuation date, they may be included in net family property; if the ticket was purchased before separation but the prize was received after separation,timing and entitlement may be disputed; if the win occurred after separation, it is generally less likely to be included in netfamily property, because equalization is usually based on property existing at thevaluation date; if winnings were used to buy family assets, pay debts, invest, or purchase a home, tracingmay be required.The matrimonial home rules may also become relevant if lottery funds were used to buy orimprove a matrimonial home.