What are the Laws in Minnesota about How Marital Property Will Be Distributed After Divorce?
A Minnesota Court will provide for the just and equitable division of the marital property of the parties without regard to marital misconduct. The court will base its findings on all relevant factors including the length of the marriage, any prior marriage of a party, the age, health, station, occupation, amount and sources of income, vocational skills, employability, estate, liabilities, needs, opportunity for future acquisition of capital assets, and income of each party. The court will also consider the contribution of each spouse in the acquisition, preservation, depreciation or appreciation in the amount or value of the marital property, as well as the contribution of a spouse as a homemaker. Separate property may also be divided between the spouses if it is necessary to prevent undue hardship to one spouse. (Minnesota Statutes Section 518.58)
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