Some states hold that an engagement ring is a conditional gift that becomes an absolute (effective) gift only on marriage. Other states conclude that when an engagement ring is given to the donee, the donee should have full ownership rights in the property.
Where do you stand on this issue? Why?
Watch this video that talks about whether an engagement ring is a gift not to be returned or a conditional gift based on a contract / condition. It is a California attorney that talks about the law in California, Texas, and other states.