Divorce Solutions

Oct 30, 2018

Question #68: A friend of mine has been married for 8 months. she is getting a divorce. Is her engagement ring considered marital property? her grandfather gave her and her husband $25,000 when they got married. This is marital property, correct?

The engagement ring is a tricky question. If it is an asset acquired by the Bride- Wife prior to marriage and not during marriage as some courts have said, it is individual property and not Marital property. Other courts have said, however, it was given in anticipation of marriage and its transfer is understood to […]

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