When a divorce is done and you’ve moved on, some are left wondering what they should do with their wedding ring. Of course, you likely aren’t wearing it any longer, so it sits in your bedside table or in a box in the closet. For some, selling it makes sense.
But does it make sense for you?
Here are a few things to consider.
Financial Reasons to Sell
By now, you know that divorce can be a costly process, and it can have a lasting effect on your finances—attorney fees, alimony, asset division and even tax issues all add up. You may be wondering what new income you can generate to offset some costs—which is why many turn to selling their ring.
While valuable yet no longer essential, an engagement and wedding ring set is a symbol of a broken relationship for a divorcée. Parting with your ring, and making money, can help you cut ties with your past while also improving your financial future.
Remember to…
– Make sure you are selling your ring to a diamond specialist who can give you an accurate price that’s honest.
– Do some research to find a reputable person or company who wants to buy your ring.
– Make sure whoever you choose to sell your ring to can process payment quickly and doesn’t give you the run around when it comes to cashing a check.
– Never work with a company that is not accredited with the BBB—this can be a huge mistake and result in you never getting paid for your ring.
Aside from financial gain, selling a wedding ring allows you to begin to let go and look past objects that once had a hold on you.
Do You Need Legal Help?
If you’re going through a Michigan divorce and need a legal expert by your side, contact us to book a free, no obligation phone consultation today. A member of our team will listen to your needs and concerns so that we can have a better idea of how to fight for your rights.
Get started today by booking your consultation.