When married couples split, they’ll have certain marriage and wedding-related issues involving the divorce to address, such as how to divide the furniture, what to do with the family pets, and what to do with the wedding pictures and videos, the wedding dress, and the wedding rings.
Does the woman automatically hand her engagement ring back to her husband since he gave it to her? Does a couple give their rings to their children? Or, do they go down to their nearest pawn shop and get as much cash as they can? There is no one-size fits all answer and what may be right for one person, may not be right for another.
What Are My Options?
How you feel about your wedding ring or rings is very personal to you. If you had some “good years” or fond memories, or if you have children together, your rings (or ring if you’re a man) may have sentimental value. On the other hand, if you had a stressful, or even abusive marriage, you may have zero desire to hold on to them.
Here are some possible options:
- Give the ring back to your spouse.
- Save the rings and give them to your children when they are older.
- Sell the rings, and use the money to pay off debt, invest in yourself, or buy something special.
- Make the ring into another type of jewelry, like a necklace.
- Sell the rings and donate the money to charity.
“But what if the rings hold painful memories?” Even if the rings remind you of a bad marriage, it doesn’t mean you should toss them into the Atlantic or the nearest river. They could be worth some money, so it’s more productive to sell them and use the money for some good. For example, the proceeds can be used for your child’s braces, for a family vacation, to pay off debt, or to help you enroll in continuing education for your job.