Wedding and Engagement Rings after Divorce

Since the 1930s, engagement rings have been common in the United States, and depending on the ring, they can be incredibly expensive. However, almost half of all marriages end in divorce, and when divorce does occur, many people are confused as to who should retain possession of an engagement or wedding ring.

If you are in the process of or considering divorce, you need to make sure you have a qualified attorney on your side. This can be a difficult and confusing time, and at Garg & Associates, P.C., we are dedicated to proving our clients with the legal assistance and guidance they need. Contact our Conroe divorce attorneys today at 800-242-2151 to schedule a free consultation.

What Happens to the Ring?

There are various rules that people follow when deciding how much to spend on an engagement ring. And while many buy a ring that costs two month’s salary, reports from 2009 show that the average person spends $5,847 on an engagement ring. In the state of Texas, the following regulations help determine who will keep an engagement or wedding ring in the event of a divorce:

• An engagement ring is a conditional gift; therefore, if the marriage does not occur, the “receiver” will return the gift to the “giver”

• In divorce, the court will examine who is at fault before deciding on who gets to keep the ring

• If the marriage ends in divorce, the ring may be treated as a shared asset

If the ring is a family heirloom, the couple should identify who will retain possession of it in a prenuptial agreement.

Contact Us

To speak with a legal representative about this and other property division concerns, contact the Conroe divorce lawyers of Garg & Associates, P.C., today at 800-242-2151.