Exchange of the Rings
Before any marriage, there is the sentimental moment of the exchange of engagement rings. Then at the wedding, there is the additional exchange of the wedding bands. These pieces of jewelry are a token of the love that the individuals have for one another. The rings are also a physical piece of evidence of the commitment that each person has to one another. But, unfortunately, sometimes the commitment fades and the discussion of divorce comes into play. That brings up the question between the two parties: “Who gets the rings?”
In an instance when a divorce is in process, an individual may feel like they’re entitled to the ring that they bought for the other party. The person may feel like they made a lifetime investment into this ring; whether it is a financial or emotional investment. With that being said, each state is different and there is no law dedicated to the division of the rings.
During a divorce, marital property is to be divided in a certain way when all the factors are considered regarding the duration of the marriage. In this situation, either the engagement ring or wedding band can be considered “separate property.”
So, during a divorce, the individual may demand the return of the rings, but the reality is that doesn’t necessarily always take place. One way to receive the rings back during the divorce is if the party agrees to exchange the bands as a part of a divorce resolution.
If you are interested in learning more about dividing property, you can read our article: Mistakes in Valuing and Dividing Real Property. You can also read an article titled: Who Gets the Wedding and Engagement Rings in Divorce?
Multi-State Divorce and Family Lawyers in Missouri, Illinois, Kansas, Oklahoma, Nebraska, and Indiana
If you’re looking to hire a divorce attorney, Stange Law Firm, PC’s attorneys are able to help in St. Louis, Chicago, Kansas City, Indianapolis, Springfield, Columbia, Wichita, Topeka, Oklahoma City, Tulsa, Omaha, Lincoln, or nearby. You can contact our law firm to schedule a consultation by calling 855-805-0595 or by contacting our law firm online.