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  #1  
Old 06-23-2009, 04:30 PM
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Engagement Ring


What is the name of your state (only U.S. law)? Texas

After my wife and I got married my wife asked me to pawn her engagement. My wife did not work and had no way of making the payments. I was paying on the ring until I marriage started to disolve at which point and time I decided to quit and let the ring go into default. Do I owe my wife the value of the ring when we get divorced?
  #2  
Old 06-23-2009, 04:36 PM
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Quote:
Originally Posted by searching4answe View Post
What is the name of your state (only U.S. law)? Texas

After my wife and I got married my wife asked me to pawn her engagement. My wife did not work and had no way of making the payments. I was paying on the ring until I marriage started to disolve at which point and time I decided to quit and let the ring go into default. Do I owe my wife the value of the ring when we get divorced?
Nope, what makes you think that?
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  #3  
Old 06-23-2009, 04:39 PM
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She claims that a lawyer told her that she was entitled to the value since it was an engagement ring and I am the one asking for the divorce.
  #4  
Old 06-23-2009, 05:13 PM
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Quote:
Originally Posted by searching4answe View Post
She claims that a lawyer told her that she was entitled to the value since it was an engagement ring and I am the one asking for the divorce.
That's not correct. You have to let her have it, but since it's not in your possession, that's her problem, not yours.

You will have to give her 1/2 of marital assets. If she chooses to use that money to buy the ring back, she's welcome to do so.
  #5  
Old 06-23-2009, 05:29 PM
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What if there are no martial assets, we life paycheck to paycheck, it is important to mention that my wife does not work, she refuses too.
  #6  
Old 06-23-2009, 05:32 PM
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Quote:
Originally Posted by searching4answe View Post
it is important to mention ...
Only to you. It has no bearing on your legal question.
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