Who Keeps the Engagement Ring? A Lesson In Gift Taxes
[sc_fs_multi_faq headline-0=”h2″ question-0=”1. If an engagement is broken before the wedding, who typically keeps the ring?” answer-0=”Traditionally, the ring is returned to the person who purchased it. However, the legal reality is more complex. Courts may view the ring in one of two ways: As a gift: Ownership transferred completely the moment it was given. … Read more