Herb and Wendy, residents of California, married in 2016. Th…
Herb and Wendy, residents of California, married in 2016. They were both school teachers earning a combined income of $150,000 per year. They have no other assets. In 2021, Herb gave Wendy a 2-carat diamond ring for their 5-year wedding anniversary. He used his salary to pay for the $20,000 ring. A few years later, Wendy and Herb filed for divorce. Characterize the diamond ring:
Read Details