ENGAGEMENT RINGS

BE SMART-UNDERSTAND THE LAW

By: Douglas J. Davis

Who keeps the engagement ring?

As a general rule an engagement ring is a conditional gift given by one party to the other in anticipation of marriage. If the party who receives the ring breaks off the engagement then the ring would generally go back to the person giving the ring. Once they are married the ring belongs to the recipient and is not considered marital property. It is never a good idea to give an engagement ring on a special occasion or holiday because it maybe looked at more as a gift then a conditional gift.

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