When it comes to distribution of marital assets, there are two ways in which marital property can be divided: community property and equitable distribution. Minnesota is an equitable distribution state. States that follow a community property distribution system divide marital property 50/50 between the spouses. On the other hand, equitable distribution states divide marital property without regard to fault and look at principles of fairness to determine the division. Additionally, these factors (among others) guide the court in dividing property:
- The length of the marriage
- Age, health, and occupation of each spouse,
- Income, income potential, vocational skills of each party,
- The contribution of each spouse to the marital property including the contributions as homemaker.