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Minnesota divorce - Property Distribution.


Minnesota is an "equitable distribution" state. Each spouse retains his or her non-marital (separate) Property, consisting of:
 
(1) Property acquired prior to the Marriage; (2) any gifts or inheritances; (3) Property exchanged for such non-marital Property; or (4) an increase in value of such non-marital Property.
 
All other marital Property, including any pension and retirement plans, is divided, without regard to fault, after a consideration of the following factors:
 
(1) the contribution of each spouse to the acquisition of the marital Property, including the contribution of each spouse as homemaker; (2) the economic circumstances of each spouse at the time the division of Property is to become effective; (3) the length of the Marriage; (4) the age and health of the spouses; (5) the occupation of the spouses; (6) the amount and sources of income of the spouses; (7) the vocational skills of the spouses; (8) the employability of the spouses; (9) the liabilities and needs of each spouse and the opportunity of each for further acquisition of capital assets and income; (10) any prior Marriage of each spouse; and (11) any other factor necessary to do equity and justice between the spouses. [Minnesota Statutes Annotated; Chapter 518.58].
 
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McMartin discloses financials

Bismarck Tribune
He says he has monthly expense obligations of $26,960 — a deficit of $22,376.67 per month. About $23,000 of McMartin's monthly obligations go to his ex-wife Gail L. Martin, Detroit Lakes, Minn., in a property division settlement from a 2010 divorce...
McMartin discloses financials

St. Thomas farmer McMartin discloses financials

West Central Tribune
McMartin ran McM Inc., which in 2015 had 50,000 acres of land, mostly in eastern North Dakota and northwest Minnesota. McM Inc. in February filed a separate but related Chapter 7 bankruptcy. McM Inc. listed $50 million in liabilities and but $10.2 ...
St. Thomas farmer McMartin discloses financials
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