Gifts


#1

Is an engagement ring considered a gift? We have been married for almost 11 years. I am dependent on my spouse financially. I am concerned he is going to cut off the flow of funds. I want to know can I sell my ring without legal repercussions?


#2

An engagement ring is a conditional gift based on the promise to marry. It is received before the marriage so it is not marital property, and you can sell it without his permission.