There are a lot of decisions that have to be made when a couple decides to divorce. There are marital debts and the division of assets that must be discussed and negotiated. What do we do with the wedding videos, pictures and other momentos? Do I hold on to the dress? Who gets the dog and who gets the cat? I want the sofa and you want the bed. One of the things that often gets overlooked is what to do with the rings. The wedding rings hold a great deal of symbolism and quite possibly, monetary value.
There are lots of options for dealing with now unwanted wedding rings and lots of questions as well. Does the woman automatically hand her wedding rings back to her soon to be ex considering that he gave it to them. Do exes keep the rings to give to their children one day when they get married? Do they go down to the nearest pawn shop or jewelry store and ry to get as much monetary value from them as possible. Honestly, there’s no one right answer. What works for you may not be what someone else does and you have to make your own decision based on your personal feelings.
All things considered, what are my options?
The feelings you have about your wedding rings are very personal. Some people may look back and remember, “the good times” in the relationship. Some people, especially those with children may want to hold on to the ring(s) to pass down to children due to sentimental value. On the other hand, if your marriage was tumultuous, stressful or even abusive, you may have no desire whatsoever to hold on to a reminder of just how tough things were.
Here are some possible options for what to do with your rings:
- You can always give the ring back to your spouse.
- You may save the rings and give them to your children when they decide to get married.
- You can sell the rings and use the money to make some positive steps like paying off debt, investing in yourself, or buying something special.
- You can have the ring melted down and used to created a new piece of jewelry.
- You can sell the rings and donate the money to charity, especially if you were in an abusive relationship.
Even if the rings remind you of a bad marriage, it doesn’t mean you should toss them into the nearest body of water. They’re likely worth some money, so it’s more productive to sell them and use the money for something positive.
If you find your marriage is struggling and you and your spouse have decided to end it, give the attorneys at Harmon and Gorove a call today to discuss how we can help you file an uncontested divorce to end your marriage in an amicable and cost effective way.