Divorce and the Engagement Ring
JDSupra had an interesting recent article on the subject of the engagement right and in particular, what happens to it if the marriage fails. From the article -
"A diamond is forever. Unfortunately, sometimes marriage is not. So, what happens to the engagement ring?
Proper planning before marriage through a prenuptial agreement can help to avoid fights over the engagement ring later. Where the ring is a family heirloom of the one who popped the question, a prenuptial agreement can provide for the return of the ring to the family in the event the marriage does not last. While it may seem less than ideal to be asking for the ring back before the wedding has even taken place, doing so is better than living with the regret of not having planned ahead."
The full article is here.
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