Property division is often the most financially consequential issue in a Minnesota divorce, and the most misunderstood.
Minnesota is an equitable distribution state. Under Minn. Stat. § 518.58, courts make a just and equitable division of marital property.
The posts below cover the family home, retirement accounts, business interests, debt allocation, dissipation of assets, and the relationship between property division and spousal maintenance. I have handled over 1,000 dissolution cases in Minnesota courts over 25 years and have written these blogs to help you through your property division process.
I’ve discussed farm divorces before in this blog, and while there are some unique issues during farm divorces, there are some general principles regarding the division of farmland that is pretty standard in how property is divided in a Minnesota divorce. The basic principle is that each spouse is entitled to ½ of the assets in the…