Why wedding rings and jewellery can still be shared in a divorce
The Straits Times
Understand the rules around sharing wedding rings and jewellery in a divorce, and what assets are considered matrimonial. Read more at straitstimes.com.
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Petty husbands can still ask for a share in expensive gifts that were given to their estranged wives in happier times, including wedding rings, for now.
But the courts may soon definitively exclude gifts between spouses from being shared in divorces.
In one case, a Singapore man with assets of more than $40 million still demanded his former wife’s personal items worth $600,000 be counted in the split, even though the valuables accounted for barely 1 per cent of the total assets.
Her bling-blings included a $200,000 Cartier watch, a $180,000 five-carat diamond ring, another diamond ring and earrings set worth $65,000, and a $45,000 Hermes Birkin handbag.
In comparison, the husband owned several properties, including a $23 million bungalow and two Porsche cars at the time.
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