It depends. Many people try to argue the ring was a gift, but under Wisconsin law, gifts between the parties are considered to be marital property. Wedding rings are subject to marital division in a divorce.
What if the ring was an engagement ring?
If the ring was an engagement ring given before the marriage, you could argue that the ring is a premarital gift and not subject to division. However, if your engagement ring is soldered together with the wedding ring as one piece, and they become one piece, you could argue the ring is marital property. If original engagement/wedding rings were lost and you purchased new ones during the marriage, they too become marital property subject to be divided.
If the parties come to an agreement as to who keeps the ring, the court will honor the agreement.
Contact the family law lawyers at Divergent Law today for legal advice & assistance in your divorce.