The Atlanta Lawyer December 2017/January 2018 | Page 15

the ring more akin to a long-term loan than a gift. For example, if Love Bird #1 might say, “This is my grandmother’s ring and we will pass it down to our children so it stays in the fam- ily.” So even if the ring was not given on the condition of mar- riage, a judge would likely look at the underlying facts to discern the intent of the donor (Love Bird #1) and order the ring stay with the family as the condition of that gift was keeping the ring in the family. But what if Love Bird #1 says, “Aren’t we lucky that I don’t have to go buy a new diamond, since my aunt who just got divorced gave me hers?” In that case, even though the diamond may have come from Love Bird #1’s family, it is not really a family heirloom and, looking at the facts, a judge may order that the recipient could keep the ring in the event of a bro- ken engagement. What is a Lover to Do? The challenge in disputes over engagement rings is that many of these conversations—which memorialize intent and condi- tion—are not written down in the heat of the moment. Should such issues be at the forefront of your (or your family’s) mind, a gift giver is well-advised to speak with legal counsel. Depending on the value (real or personal), it may be worth the effort and unromantic conver- sation to hire counsel to draft a basic agreement making the own- ership of the ring—and conditions of ownership— clear. Failing that kind of first-level documentation, second-level testimony could be- come important, but memories fail and change, especially when family lines are drawn. After all, isn’t everything fair in love and war? ▪ SHIFT YOUR CHANCES OF SUCCESS WITH SKODA MINOTTI’S VALUATION AND LITIGATION ADVISORY TEAM We understand the demands you face in today’s court of law. We are uniquely qualified to support you in the analysis and evaluation of your most complex financial disputes. skodaminotti.com/vlas | (404) 920-3099 | Akron/Atlanta/Cleveland/Tampa The Official News Publication of the Atlanta Bar Association THE ATLANTA LAWYER 15