There are many issues at stake whenever a couple decides to seek a divorce. Even if the separation is amicable, thorny issues such as alimony, child support and property division can complicate the process. However, Minnesota courts use a variety of factors in order to decide what is fair and equitable property division. But exactly what property division factors does a court utilize when deciding this very important issue?
The first factor that a Minnesota court considers is how long the couple was married. If the marriage was brief, the couple may not have a great deal of property to divide up. However, if a couple was married for a long time, they may have extensive real estate holdings and other assets. Dividing up property like this may require considerable thought from the court.