Author Archives: Nicholas Holmes

What Happens To Your Jewellery During A Divorce

If you are considering a divorce, you may be wondering what will happen to your jewellery. This is generally something that most people do not view as a top priority, but it is something that you need to look into. In the UK, this is a rather long-contested issue and dates back to the Married Women’s Property Act from the 1870s.

Whose Property Is The Jewellery?

To determine what happens to your jewellery in a divorce, you need to establish ownership. In the last, under the Married Women’s Property Act, the law stated that any gift from husband to wife would remain the property of the husband. This means that the woman would not have ownership of the jewellery and it would be the property of the husband after the divorce.

This act has since been abolished, and the ownership rights are now different. Any jewellery that is considered a gift during the marriage including engagement rings and wedding rings are the property of the recipient. There are few occasions when contesting ownership can occur. The first circumstance will be when there is evidence that the recipient would return the gift.

The law of 1970 has reinforced this circumstance. This law indicates that an engagement ring is seen as a gift unless there is a clear indication that the ring would be returned at some point. This will most likely be the case if the ring is a family heirloom.

How To Determine If The Jewellery Is An Heirloom

Defining something as an heirloom is a contentious issue because the definition of this is not completely clear. If the jewellery that you want to retain during a divorce could be considered an heirloom, you will have to provide proof of this. The proof could be a traced history of ownership which shows that it was in your family for many years or evidence that it was given to you by a family member.

To prove the latter, you can get a note from the relative who provided the heirloom. The letter will have to state how the heirloom came to be in your possession during your marriage.

If you have an heirloom that you are going to provide to your spouse, you need to protect it as much as possible. A prenuptial agreement will help you with this, or you could have a post-nuptial agreement if the heirloom is provided to your spouse after the marriage ceremony.

The Value Of The Jewellery

If you were married in community of property, the value of the jewellery would be taken into account. This can make the divorce more contentious, particularly if the jewellery amounts to a significant proportion of the assets you have. In these cases, the assets will need to be split equally, and this could result in one party getting the jewellery and little else.

Jewellery can make a divorce settlement negotiation difficult especially if the jewellery has high value. If the jewellery was provided as a gift during the marriage, the recipient would generally retain ownership. However, if it was bought jointly, it will be treated in the same way as other marital property.

In this situation, you need to take some pieces of advice from an Expert lawyer that can help you with Property Settlement.

Should You Invest In Silver, Diamonds Or Gold In 2017?

Investing in precious metals or gems is said to be a very lucrative opportunity and also a smart play when it comes to leveraging against economic downturns. You have many choices, and three of the top choices are gold, silver and diamonds. Is one of these options better than the others right now in 2017? Everyone remembers when gold prices went through the roof years ago. Diamonds are always treasured, and while silver might not have near the value of gold, it’s about the chart, not the price.

Small investors might find investing in silver easier since it is cheaper. However, with each of these three choices, you can buy a little at a time. For example, when it comes to gold, you can buy fractions of an ounce. It is also important to note that there are ways to invest in all three natural resources without actually physically buying them. Buying them physically though is said to be associated with the least amount of risk though.

Let’s look at another type of investment choice involving gold, silver and diamonds to make that point clear. There are mining stocks that you can buy. Many of these companies mine more than one precious metal or gem. In fact, you might even find several that mine gold, silver and loose diamonds. However, let’s say that the mining company has a bad quarter when it comes to earnings. That’s going to see your investment losing money even if the prices of precious metals are going up. Some of the mining stocks out there can be quite wishy washy.

So let’s steer clear of alternative investments and focus on investing in the physical forms of these three choices. Many investors like to compare gold and silver, scrutinising the reasons for buying each. People are also looking at high gold prices and talking about how diamonds are so popular. If you buy gold right now, are you buying high? Does it even matter?

It is also important to understand that there are many choices when it comes to buying gold, silver and diamonds. For example, when it comes to gold and silver, are you buying bullion, or would you rather buy coins? If you buy bullion, where are you planning on buying it from? Also, when you do buy bullion, are you going to keep it yourself or have a company store it for you?

Personally, if I had to pick between the three, I would go with silver. Gold would be my second choice and diamonds third. The case can be made for investing in diamonds first out of the three options for sure, but I would choose to invest in precious metals first. Gold is supposed to be the best out of those two choices, but silver is cheaper, and I believe the best potential for going up further in price in the future.

You can buy both to keep your investment portfolio balanced, and in fact, why not buy all three? Make sure you know what you are buying or course, but once you study up a little more on each investment opportunity, you might find you like all three choices. Remember, you can buy a little at a time, and if buying all three, you have a more diversified approach to investing in this sector, which can be a good thing. Know about quality, purity and everything else that a savvy investor in precious metals and gems should be aware. Once you feel confident about these types of investment choices, you can then make your buys. What will be your first purchase?

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