{"id":4087,"date":"2014-10-29T12:51:37","date_gmt":"2014-10-29T18:51:37","guid":{"rendered":"http:\/\/bgs.com\/?p=4087"},"modified":"2014-10-29T12:51:37","modified_gmt":"2014-10-29T18:51:37","slug":"division-of-marital-property-debt-and-non-marital-property-is-it-mine-yours-or-ours","status":"publish","type":"post","link":"https:\/\/www.bgs.com\/blog\/2014\/10\/29\/division-of-marital-property-debt-and-non-marital-property-is-it-mine-yours-or-ours\/","title":{"rendered":"Division of Marital Property, Debt and Non-Marital Property \u2013 Is it Mine, Yours or Ours?"},"content":{"rendered":"

The division of marital property can be one of the most complicated aspects of a divorce in Minnesota<\/a>. For each and every asset or property, there is always a question of whether it belongs to you, your spouse, or both of you. In the state of Minnesota, the property in a marriage will be marital, unless proven to be non-marital. Debt will also be divided equally between you and your spouse, but the reason the debt was incurred will be considered.<\/p>\n

What is Considered Marital Property?<\/h3>\n

If you and your spouse are like most married couples, you\u2019ve probably accumulated quite a bit over the years. The car you purchased, those nice wine glasses in your cabinet or even the \"Familyfamily boat may all be considered marital property. However, marital property extends beyond just tangible items; it can also include pension plan benefits, stocks and land.
\nAny items that were purchased or were given while you were married will be presumed to be marital property. Oftentimes, courts will make an equal division of the property, although this is not always the case.<\/p>\n

What Happens to Debt?<\/h3>\n

Just like property, debt can also be considered non-marital. Whether or not the debt is considered non-marital will depend on:<\/p>\n