Who gets an engagement ring in a divorce?
Who gets an engagement ring in a divorce?
The Matrimonial Property Act states that any assets acquired by a spouse before marriage is exempt from distribution in the event of separation. Therefore, an engagement ring gifted from husband to wife prior to the marriage would be exempt as the wife’s property upon a separation.
Who gets the engagement ring in a divorce California?
In California, there is a law specifically addressing the problem of who gets to keep the engagement ring if a couple splits up BEFORE the marriage. In that situation, the engagement ring belongs to the person who GAVE the ring. The law doesn’t specifically say what happens if the marriage takes place.
Is $5000 good for an engagement ring?
According to recent surveys, most American couples expect to spend between $1,000 and $5,000 on an engagement ring. The actual average cost for an engagement ring is over $6,000. With all that said, most women are reasonable and just.
