Parties to a divorce have to equitably distribute their personal property. That property may include an engagement ring, jewlery, furniture and other belongings. Generally, an engagement ring is considered a gift for the promise of marriage and if the parties are married, the engagement ring remains a gift to the Bride. Other jewelry, however, may be distributed as assets of the marriage, meaning the parties would distribute the jewelry equally between themselves, unless of course certain items are deemed to be gifts to one another. As to furniture, generally, the parties would also distribute that equitably, generally splitting the value of those items. If there were premarital items that were brought into the marriage, those items may be distributed to the individual who brought them into the marriage, if the parties deem them to be premarital items not comingled. If you have questions regarding equitable distribution of personal property, call Green & Associates at 732-390-0480 in our East Brunswick office or 201-242-1119 in our Fort Lee office for a free consultation. Night appointments are available.
Sep 15, 2015 @ 10:44 AM — by Michael Green