Whether you are ending an engagement or a marriage, you may have an engagement ring and other property to divide.

As you begin thinking about how to divide your property, you will quickly notice that your belongings have different financial and sentimental values. One of you may get the large television while the other gets a computer of similar value. If neither of you has a sentimental attachment to either device, you may not care who gets what as long as each is worth approximately the same amount of money. However, some things are not as easily divided when an engagement is broken or a marriage ends.

Wedding Rings, Engagement Rings, and Other Special Jewelry

In Michigan:

These rules apply regardless of who was at fault for the break-up or how much the rings cost. An engagement ring is a conditional gift. The condition is that marriage occurs. Therefore, if no marriage occurs, the giver of the ring gets the ring back. However, if the marriage happened, the promise was fulfilled and the recipient keeps the ring—even if the marriage doesn’t last. The same reasoning applies to wedding rings.

Jewelry that was given as a gift to one spouse during a marriage is considered a gift. Therefore, the court may consider it separate property that belongs solely to the gift recipient rather than marital property that is to be divided during the divorce.

How to Keep What Means the Most to You

Some jewelry—especially family heirlooms—may have significant sentimental value. It’s essential to make a list of everything that is important to you and to share it with your Bloomfield Hills divorce lawyer.

Our attorneys will work hard to negotiate a divorce settlement that equitably divides your property, with particular attention to the property that means the most to you.

We invite you to contact us today by completing our online contact form, calling us at 248-258-3500, or texting us at your convenience.

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