Breaking up is hard to do, but for many couples, figuring out who gets to keep the engagement ring as their relationship or marriage ends can sometimes become contentious.
Should the recipient be able to keep this most precious (and often very expensive) gift? Or is the giver of the ring entitled to a return?
If you were lucky enough to receive a particularly high-value gift over the holiday season, and you are also married or soon-to-be-married, then you may want to take a moment to consider the ownership of that gift. While no one wants to think about the possibility of divorce during happy times, those happy times often present the best opportunity for planning. Financial preparedness is like insurance—if you wait to think about it until you need it, you could be too late.
So what are the rules in New Jersey regarding gifts and divorce? Read more
The bigger the diamond, the shorter the marriage? According to a study conducted by researchers from Emory University in Atlanta, Georgia, the giving of a pricier engagement ring before marriage could be an indicator of increased divorce risk down the road. Read more
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