Pennsylvania Agreement for Conditional Gifts

State:
Multi-State
Control #:
US-0666BG
Format:
Word; 
Rich Text
Instant download

Description

A conditional gift is one that is subject to or dependent on a condition. A conditional gift can be revoked if the recipient does not fulfill the conditions attached to the gift. A gift is a conditional gift and it is not final until some future event occ
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FAQ

Pennsylvania Courts have adopted a strict no-fault principle to engagement rings. The donor of the gift is entitled to the return of the engagement ring even if he is the one who broke the engagement. Moreover, the reasons for the breaking of the engagement do not matter.

Thus, in California if one person calls off the wedding, the ring must be returned to the person who proposed with the ring. And if both people call off the wedding, the ring must also be returned to the person who purchased the ring.

In Pennsylvania, an engagement ring is generally considered to be a conditional gift, meaning that it was given with the expectation of receiving something in return. In the case of engagement rings, the condition is that a marriage occurs.

A conditional gift is one which is based on some future event or action taking place. If the event doesn't occur, then the gift-giver has the right to get the gift back. Most courts classify engagement rings as a conditional gift and award the engagement ring to the giver in broken engagement cases.

Traditionally speaking, one person gives the other an engagement ring, and under Pennsylvania law, that does not mean the ring is automatically the property of the recipient. Instead, the ring is considered a conditional gift, which means that if the engagement is broken off, the gift's condition has not been met.

Once married the gift is 'earned' and 'non-refundable. ' In a divorce, the wedding ring is usually seen as separate property in the divorce since it was given as a gift." There are exceptions to every rule, but generally speaking, each partner gets to keep their respective rings.

In short, unless there was an agreement to return the engagement ring if the wedding was cancelled, then the recipient is under no obligation to return the ring.

A conditional gift is one which is based on some future event or action taking place. If the event doesn't occur, then the gift-giver has the right to get the gift back. Most courts classify engagement rings as a conditional gift and award the engagement ring to the giver in broken engagement cases.

In Pennsylvania, an engagement ring is treated differently than a wedding ring. An engagement ring becomes the sole property of the recipient upon marriage, absent some premarital agreement to the contrary.

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Pennsylvania Agreement for Conditional Gifts