| Property Division – Minnesota
Property is generally classified into two categories: marital property and nonmarital property. Marital property is any property acquired during the marriage and subject to division, whereas nonmarital property is property acquired before the marriage or in special circumstances. Nonmarital property is subject to division only in very limited circumstances.
Dividing Marital Assets
In Minnesota, it is not required that the Court evenly divide the marital estate, however the Courts generally attempt to grant each party a substantially equal portion of the marital assets. The Court also has discretion to divide debts between the parties.
Experienced Mediation
Jonathan can help, through mediation or evaluative services, to figure out the best way to divide your marital and nonmarital property.