The Docket - February 2024 | Page 19

To avoid potential disagreements over ring ownership , some couples will choose to enter into prenuptial agreements which include specific provisions regarding which party receives the ring in the event the engagement is called off . If no such prenuptial provision exists , once the couple is married the condition placed on the recipient ’ s ownership interest in the ring is complete . From that point onward , the engagement ring is considered a non-marital asset . As previously stated , Florida is a no-fault divorce state , so the circumstances surrounding the break-up no longer impact the issue of ring ownership . In a dissolution of marriage action , non-marital property , like engagement rings , is not subject to equitable distribution . Therefore , the recipient of the ring will likely retain the ring in the event of a divorce , unless a prenuptial agreement states otherwise . That said , new rings or upgrades / modifications to existing engagement rings could affect the non-marital status of that ring , so it is advisable to get as much information as possible from the client on the matter . �
CIVIL
MEDIATOR
• PERSONAL INJURY MATTERS
• REAL ESTATE LITIGATION
• MEDICAL MALPRACTICE
• BUSINESS AND COMMERCIAL LITIGATION
• LABOR AND EMPLOYMENT ISSUES
• PRODUCT LIABLILITY
• LOCAL GOVERNMENT DISPUTES
• PROFESSIONAL FEE DISPUTES
Scott Brownell scott @ brownellmediation . com
941.447.3701
W W W . B RO W N E L L M E D I A T I O N . C O M
Our goal has always been to help meet yours . Today , we ’ re here for you in more ways than ever . With more locations , more services , and more expertise to help you wherever life takes you .
This is banking at its best . This is Banking Forward .
941.306.0100 SouthStateBank . com Member FDIC
Chris Perkins Regional President
Renee Brady Premier Private Banker
Carla Cummings Consumer Bank Market Manger
THE DOCKET - FEBRUARY 2024 | 19