Wedding Ring - property in Texas? - 07/28/10 09:41 PM
Before you jump to the answer and just say "it is not comm prop"...hear me out.
The ORIGINAL engagement / wedding ring we were married with was replaced several years into our marriage. We decided one day (on a whim) to upgrade her ring completely. So basically she has the old ring (cheap-o) and the new wedding ring set we (I) bought a few years ago ($7,000). To people like us...that is a LOT of money.
I've read a lot of things about "gifts" and "engagement rings". This is confusing because this replacement ring was purchased during our marriage with my funds (she doesn't have a job).
I don't want the ring - but I figured its worth should be calculated into our liquid equity since it is paid off and quite a high price item. Am I wrong?
She isn't actually arguing with me...her mother is.
The ORIGINAL engagement / wedding ring we were married with was replaced several years into our marriage. We decided one day (on a whim) to upgrade her ring completely. So basically she has the old ring (cheap-o) and the new wedding ring set we (I) bought a few years ago ($7,000). To people like us...that is a LOT of money.
I've read a lot of things about "gifts" and "engagement rings". This is confusing because this replacement ring was purchased during our marriage with my funds (she doesn't have a job).
I don't want the ring - but I figured its worth should be calculated into our liquid equity since it is paid off and quite a high price item. Am I wrong?
She isn't actually arguing with me...her mother is.