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Harris, Family Law Expert
Category: Family Law
Satisfied Customers: 2851
Experience:  Family Law - Specialist in Divorce, Financial Relief and Children Matters
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Is my engagement ring considered a marital asset or a gift?

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Is my engagement ring considered a marital asset or a gift? and can I sell it to help pay for my divorce?

Hi, thank you for your question. Legally, an engagement ring is considered an absolute gift unless there has been a specific condition attached to it - therefore if there were no conditions, you are free to do with it what you wish but as part of financial negotiations you must disclose the ring and what is done with it if it is worth over £500.

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Customer: replied 1 year ago.
Thank you!

No worries, I hope it goes well. If you have any questions in the future you can ask for me directly by starting your question For Harris