wedding ring asset devision

Who Gets the Wedding Ring in a Divorce in Texas

During divorce proceedings and the division of assets, a common question that comes up is who keeps the wedding ring. In the state of Texas, the engagement ring is a gift that is conditioned upon the acceptance of the proposal of marriage. Once the acceptance is made, then it becomes the property of the person who accepted the proposal of marriage. Following the proposal, the ownership of ring can sway depending on a variety of different factors.