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Posted on 4/1/18 at 7:53 pm to lsu xman
She sells it and buys something nice for her new boyfriend.
Posted on 4/1/18 at 8:04 pm to lsu xman
Pawn it?
Posted on 4/1/18 at 8:05 pm to lsu xman
Gets turned to cash to pay for a tit job
Posted on 4/1/18 at 8:06 pm to lsu xman
RIP
Posted on 4/1/18 at 9:08 pm to kingbob
quote:
Well, according to Louisiana law, as long as the ring is less than a certain amount in value (it's pretty high), it's not counted as part of the community property in the divorce and the wife keeps it. If it is over that value, it's value in excess of that amount is considered part of the community property that must be partitioned.
How is something ever considered community property if it is owned by someone prior to the marriage? The ring was given to her prior to the marriage. She owns it before the marriage and brings it Into the marriage as her own property. Seems like it's hers regardless of the value. Is there a statute covering this issue with it being community property of over a certain value? That's interesting, and very concerning, to me.
This post was edited on 4/2/18 at 9:46 am
Posted on 4/1/18 at 9:15 pm to HonoraryCoonass
quote:In case you’re not following along at home, she’s no longer a “wife”....
It’s the wife’s to do with as she wishes.
Posted on 4/1/18 at 9:17 pm to soccerfüt
quote:
quote: It’s the wife’s to do with as she wishes. In case you’re not following along at home, she’s no longer a “wife”....
It was hers before she was a wife.
Posted on 4/1/18 at 9:38 pm to go ta hell ole miss
quote:
How is something ever considered community property if it is owned by someone prior to the marriage? The ring was given to her prior to the marriage. She owns it before the marriage and brings it Into the marriage as her own property. Seems like it's hers regardless of the value. Is there a statute covering this issue with it being communicate property of over a certain value? That's interesting, and very concerning, to me.
Basically, it's because an engagement ring is not considered a simple "donation" or "gift", but a conditional gift, and thus treated more like collateral for an obligation. An engagement is treated like an obligation to perform a certain act within a reasonable amount of time (i.e. get married). The engagement ring is collateral to ensure that promise is carried out. If the man breaks his promise, he just shelled out all of that money on a ring which she keeps. If she backs out, she has to give that ring back.
Since ownership of the ring is conditional on the obligation being completed, ownership of the ring does not technically go from the man to his fiance until the wedding ceremony is completed and the two are wed. Because it is therefor not property of the spouse until after marriage, it is eligible for being considered as part of the community property.
However, statutorily, it is exempt, much like clothing and a lot of other personal effects, as long as it is below a certain value. If you're a normal person, the ring will stay with the spouse. If the engagement ring just so happens to have the hope diamond on it, it's going to be considered part of the community property. Just like regular silverware won't be counted, but sterling silver might be.
This post was edited on 4/1/18 at 9:43 pm
Posted on 4/1/18 at 9:41 pm to lsu xman
I'd be less worried about the engagement ring compared to the $thousands spent on clothes and shoes over the years.
Posted on 4/2/18 at 12:42 am to lsu xman
This is why I always laugh when people say the ring is an investment of proud that they’ll be able to get good resale value on it. Once you give it to her, you’re never see that money again unless you are selling your deceased wife’s ring you POS
Posted on 4/2/18 at 3:09 am to lsu xman
Things ended somewhat cordially so we agreed to give rings back to each other.
Posted on 4/2/18 at 7:05 am to lsu xman
Recycle it to the next skank. Sharing is caring bro
Posted on 4/2/18 at 7:14 am to Bullfrog
quote:
You have to pay the gift tax to the IRS or go to jail.
That's one hell of an expensive ring.
From LINK
quote:
if you gift an amount that’s above the annual gift tax exclusion, you can also tap into the lifetime estate and gift tax exemption. The lifetime exemption effectively shelters from tax $5 million, indexed for inflation. The inflation-indexed amount for 2017 is $5.49 million per donor. It increases to $5.6 million for 2018.
Posted on 4/2/18 at 7:24 am to lsu xman
I kept mine. But he never proposed with a ring, so the one I had was purchased & paid for together. Not sentimental or a gift from him.
Posted on 4/2/18 at 7:47 am to CoachChappy
quote:
It’s hers.
She sells it to buy sex toys or to support the guy she's been fricking while still married.
This post was edited on 4/2/18 at 8:15 am
Posted on 4/2/18 at 7:50 am to lsu xman
What if it's passed down from your grandmother or something?
Posted on 4/2/18 at 8:03 am to lsu xman
Typically held for ransom.
Posted on 4/2/18 at 8:25 am to TigerNlc
quote:
What if it's passed down from your grandmother or something?
It would be so shitty of her to keep it in that case. I know it happens and women go nuts, but damn.
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