Q&A: Is a wedding ring a marital asset?
Is a wedding ring a marital asset? Many people are still confused. What are marital assets? What is considered a marital asset? Both engagement rings and wedding rings are popular nowadays, both gold and diamond rings. Diamond rings, in particular, are very popular because diamonds are valuable gemstones with significant sentimental value. Furthermore, wedding rings or diamond rings hold beautiful hidden meanings. The symbol of a circle represents never-ending love or eternal true love. For those who are wondering whether a wedding ring is truly a marital asset, we will reveal the answer together to clear everyone's doubts.
Is a Wedding Ring a Marital Asset?
Whether an engagement ring or a wedding ring is a marital asset depends on the case. To explain this clearly, if the woman receives an engagement ring or a wedding ring before the marriage is officially registered, it is considered a pre-marital asset. Even if it's given as an engagement gift or for the wedding, as long as the marriage isn't registered, it belongs to the woman 100%. However, if the engagement ring or wedding ring is received after the marriage has been officially registered, along with not just diamond rings but also bags, watches, jewelry, or other valuable items acquired after the marriage or after the marriage registration, these are considered joint marital assets. Therefore, if there's a separation or divorce, these marital assets must be divided equally, or 50:50, unless there's a prenuptial agreement, in which case the law will follow what is specified in that agreement.
What are Marital Assets?
After finding out whether an engagement ring or a wedding ring is considered a marital asset, some of you might be wondering what exactly marital assets are. Marital assets refer to the property acquired after the marriage registration, including money, valuable items, as well as rental income or interest received from personal assets. Inherited property can also be considered marital assets if specified as such during the marriage registration. However, inherited property not specified in a will as a marital asset is considered a personal asset.
Where to find a beautiful wedding ring?
Petchchompoo Jewelry (PETCHCHOMPOO JEWELRY) is a diamond shop that understands the new generation 100%. It selects quality diamonds to create beautiful, modern, and trendy jewelry designs for those who are looking for engagement rings or wedding rings. Our Pink Diamond Shop has many designs and styles of diamond rings for you to choose from at affordable prices. There are everything from minimalist diamond rings, princess cut diamond rings, heart-shaped diamond rings, heart-shaped diamond rings, center diamond rings, to large diamond rings, men's diamond rings, women's diamond rings, or couple wedding rings that can be worn on any occasion.
If you want to order a unique, stylish wedding ring, a unique couple ring, the only one in the world, we offer a service to design engagement rings and wedding rings with unique characteristics. With over 3 decades of experience, Pink Diamond Shop is one of the most famous diamond shops in the country. It excels in a variety of jewelry and quality diamond jewelry. We only select premium-grade gems for sale.
Have you found the answer yet? Is a wedding ring considered marital property? In short, any valuables acquired before the marriage is considered pre-marital property. However, if you receive valuables, After the marriage registration is complete, it will be considered as marital property. Looking for a diamond ring, engagement ring or wedding ring with a beautiful and modern design? Come to Chompoo Diamond Shop. I tell you, you won't be disappointed.