Engagement ring

[Cali]

The OP isn't married yet so the ring doesn't fit under the exempt part.

And the ring belongs to the fiance.

My rings were exempt under the homestead/wildcard.

[Over our heads]

This is jmo, BUT..if she hasn't yet infact married the man, then the ring isn't rightfully hers. In all honesty, should she idk sell it and pocket the money, he would again IMO have the right to accuse her of theft.

If you are positive of getting married, pick your wedding band, have them sodered (sp..i am not a welder....) together, then essentially it is part of the wedding band and should be exempt.

Just my thinks as a woman who loves her rings .

This is what I did. My mother had bought a ring in a fit of divorce depression, she decided she didn't like it. I however *adore* it. I have worn it since I was 14, but for all intents and purposes, I do not own it until my mother dies. So tho I feel utterly naked now, that ring is visiting my mother until we have this mess taken care of. And since she is a young 52, I don't expect her to go dropping dead in the next year.

[justbroke]

Sounds like an argument that might hold water in court, if you've got the stomach for that sort of risk. Gives me the willies.

According to my lawyer, in New York:

"A wedding ring is fully exempt, whatever it’s value. But you’d better be careful, because an engagement ring, that is not part of the wedding band, and was not given in the wedding ceremony, is not exempt, and can be taken right off your finger by the trustee at the meeting of creditors."

Your quote is accurate for NY. However, it assumes the marriage was "consummated", but including the must be "part of" as if part of a set.

[BROKENN]

Hmmmm, go have it welded to the band? I did it just cause I'm hard on stuff
Soon to be hubby hold onto it until marriage ceremony?

[WoodSprite]

In New York, wedding bands are definitely exempt.

Again, I'm no lawyer, but that's how I'd fight it as a property issue. The property not being mine until consummation of an agreement (to get married).

Sounds like an argument that might hold water in court, if you've got the stomach for that sort of risk. Gives me the willies.

According to my lawyer, in New York:

[justbroke]

Maybe my fiance and I will break up, and I can take it off the policy? Is there anyway they can find out about this?

[debtfreeplease]

Maybe my fiance and I will break up, and I can take it off the policy? Is there anyway they can find out about this?

[debtfreeplease]

So I was going to "lose" my engagement ring before I file, as I've read a lot of you did. But I just realized, I have it in my renters insurance policy, listed as a replacement value of $4200. Is there anyway the trustee could find out about this? I'm freaking out because I cannot give up my engagement ring! My fiance is still making payments on it!