''The following is excluded from family property:'' ''(a) property acquired by a spouse before the relationship between the spouses began;''''(b) inheritances to a spouse;''''(b.1) gifts to a spouse from a third party;''''(c) a settlement or an award of damages to a spouse as compensation for injury or loss, unless the settlement or award represents compensation for''* ''(i) loss to both spouses, or''* ''(ii) lost income of a spouse;''''(d) money paid or payable under an insurance policy, other than a policy respecting property, except any portion that represents compensation for''* ''(i) loss to both spouses, or''* ''(ii) lost income of a spouse;''''(e) property referred to in any of paragraphs (a) to (d) that is held in trust for the benefit of a spouse;''''(f) a spouse's beneficial interest in property held in a discretionary trust''''(i) to which the spouse did not contribute, and''''(ii) that is settled by a person other than the spouse;''''(g) property derived from property or the disposition of property referred to in any of paragraphs (a) to (f).''</tt></blockquote>

<blockquote><tt>''(a) on the date the spouses separate,''* ''(i) property that is owned by at least one spouse, or''* ''(ii) a beneficial interest of at least one spouse in property;''''(b) after separation,''* ''(i) property acquired by at least one spouse if the property is derived from property referred to in paragraph (a) (i) or from a beneficial interest referred to in paragraph (a) (ii), or from the disposition of either, or''* ''(ii) a beneficial interest acquired by at least one spouse in property if the beneficial interest is derived from property referred to in paragraph (a) (i) or from a beneficial interest referred to in paragraph (a) (ii), or from the disposition of either.''</tt></blockquote>