When going through a divorce, many couples have plenty of questions about the division of their assets. After all, this serves as one of the most complex parts of a split, and it only gets more complex with the more assets a couple has.
Of course, many of these questions also revolve around things given as gifts that have high retail value. This often includes the wedding rings.
Conditional or unconditional gifts
Brides discuss what to do with a wedding ring after divorce. In the case of calling off a wedding before marriage happens, the law will generally dictate that the person with the ring return it to the purchaser.
However, sometimes the ring gets classified as an implied conditional gift, or even an unconditional gift. This means that the person with the ring can generally do whatever they want with it.
What should you do with the ring?
Some people choose to hang on to theirs, either for sentimental value or in order to pass it on to their children. Of course, it is also possible to sell it and get the money for the gold and jewels used in the ring, too. This is especially helpful for those who had their finances drained by the legal battle side of divorce. Finally, you can repurpose a wedding ring. Many people will take the jewels and have them placed into new pieces, saving the high value items while getting rid of bad memories attached to the ring itself.
Of course, it is important to check state laws before deciding what to do with a wedding right. It can help to contact legal aid, as they know the laws and can direct anyone toward the laws that govern their own state.