Legal Question in Family Law in Utah
Divorce: how does the ring figure in?
I'm going through a divorce. My soon-to-be ex-wife and I are trying to assign dollar values to everything we own so that we may make a fair split. My question is: Do we have to consider the value of our wedding rings in this summation? If not, isn't that unfair to the male, who usually has a much less expensive ring?
2 Answers from Attorneys
Re: Divorce: how does the ring figure in?
Generally couples simply come to agreement of a general division, rather than going through such detail. (This may be one of the reasons you are getting a divorce.) If you cannot come to agreement on an equitable settlement, then hire an appraiser to appraise all of your property.
Re: Divorce: how does the ring figure in?
Usually, wedding rings are considered to be gifts exchanged between parties and are not figured into the division of personal property when it comes time for a divorce. With respect to the woman's ring, you probably gave it to her as an engagement ring and it's probably the most expensive part of what she has, with a wedding band being given at the time of the marriage. An engagement ring is considered to be a gift conditioned upon a promise to marry. Considering the fact that your wife kept that promise and married you, she gets to keep the engagement ring, along with her wedding band, just as you keep yours.