This statement itemizes assets identified as marital and non-marital in the context of dissolution proceedings.
Minnesota Verified Statement Identifying Marital and Non-Marital Assets
Category:
State:
Minnesota
Control #:
MN-8804D
Format:
Word;
Rich Text
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FAQ
In Minnesota, non-marital property consists of any property that a spouse owned prior to the marriage; that a spouse inherited at anytime, either before or during the marriage; or any property that was gifted directly and solely to one of the spouses (except for gifts from the other spouse).
Non-Marital Assets. Some states, not all, have classifications of property that are exceptions from the marital estate that is divided. These assets are often called non-marital assets. Any non-marital assets that you possess remain yours and any non-marital assets of your spouse remain his/her assets.
Non Marital Property? Nonmarital property includes any real or personal property acquired by either spouse before, during or after the marriage that: Is acquired as a gift, bequest, devise or inheritance made by a third party to one but not to the other spouse. Is acquired before the marriage.
Though the term non-marital property often refers to any personal or real property owned prior to, and brought into the marriage, it can also refer to things such as inheritances and gifts made to only one spouse.
Marital, or community property, is defined as assets and debt newly acquired during the marriage, either jointly or by one party, other than by a gift or inheritance to one spouse. Nonmarital, or separate property, are the assets and debts owned prior to the marriage that remain unchanged.
Marital property is a U.S. state-level legal term that refers to property acquired during the course of a marriage. Property that an individual owns before a marriage is considered separate property, as are inheritances or third-party gifts given to an individual during a marriage.