Tax Partner Robert Spielman wrote about state laws governing the ownership of engagement rings, for his Valentine's Day column in City News.
City News Magazine
By Robert Spielman, Partner, Tax & Business Services
No matter the size or value of the engagement ring, it is an important symbol of love between the parties. It can also be the most expensive piece of tangible personal property a couple might own. That raises the question, “Who gets the ring?” when the marriage terminates of if a marriage never occurs.