Who owns a wedding gift on divorce?

Gifts from third parties such as family members or friends to a couple jointly are typically treated as matrimonial assets and are taken into account when negotiating a financial settlement.

Cash gifts are usually treated as joint assets, unless there is clear evidence that the gift was intended for one person only.

How the gift has been used during the marriage may affect its division. For example, if a cash gift was deposited into a joint account or used to pay off a joint debt, it is likely to be treated as a matrimonial asset.