What about the engagement ring? Will a Florida Court order us to sell the ring or account for the cost of the ring?
If an engagement ring was given (or received) before you were married then it is not considered a marital asset. As a non-marital asset it is thus not accounted for or divided during the divorce process.
However, if the ring was purchased during the marriage, or in cases where an “upgraded” ring was given or received, the new ring is a marital asset that is subject to equitable distribution. In this case, it may not be necessary to sell the ring, but the value of the ring would be credited to the spouse retaining the ring when the court determines how to split property between a divorcing couple.