Tiger woods divorce settlement, Even though Tiger Woods, divorce from Elin Nordegren was finalized in August 2010, people are still inquiring about the terms of Tiger and Elin’s divorce settlement, and who ended up with what.Here is the final breakdown of how much Elin got, what Tiger was able to retain, as well as other details about Tiger and Elin’s highly publicized divorce, based on various media reports. (NOTE: The exact terms and financial details of the Tiger Woods – Elin Nordegren divorce settlement are confidential.)
Below are the known terms of the divorce settlement, and a breakdown of who got what, with regard to money, child custody, property, division of marital assets and other details, as related in the press.
MONEY
Elin Nordegren
• $110 million – NOT $750 million, as rumored for several months. See NEWS FLASH - How Much Elin Nordegren is REALLY Getting from Tiger Woods – It’s NOT $750 Million
• Child support – an unspecified amount of money each month. No reports thus far on exactly how much child support Tiger will have to pay, but some sources say it’s at least $20,000 a month or more.
Tiger Woods
• The bulk of his fortune – Tiger will get to keep the lion’s (or Tiger’s share) of his fortune. See Elin Nordegren’s $100 Million Divorce Settlement Proves Tiger Woods is No Fool Tiger will only have to give or 1/5 or 1/6 of his net worth. See What is Tiger Woods’ REAL Net Worth? – Elin’s Divorce Settlement Depends on That
CHILD CUSTODY
Elin Nordegren
• Physical custody of the children – daughter Sam, 3 and son Charlie, 1 1/2 years will live with Elin
• Joint legal custody - Elin will share LEGAL custody of the children with Tiger.
Tiger Woods
• Joint legal custody of the children – this will allow Tiger to have a say in any decisions that will affect the children’s future.
• Generous visitation rights - Tiger will be able to see his children for up to half of each week.
• Flexible visitation arrangements – Tiger’s visitation schedule can be adjusted to accommodate his travel schedule when he’s playing golf, so that he still gets his full visitation.
• Renegotiation in 5 years – Tiger can renegotiate the terms of the custody agreement in 5 years.
PROPERTY / REAL ESTATE
Elin Nordegren
• The main family home in Windmere, Florida
• Another home located nearby
• an apartment in Stockholm, Sweden
• a secluded island in Sweden which includes a $2.2 million estate which is currently being renovated
Tiger Woods
• The $55 million Jupiter Island oceanfront estate.
• An apartment in Los Angeles
CONFIDENTIALITY CLAUSE
Elin Nordegren
•Elin did NOT sign a confidentiality clause, even though it meant less money for her in the divorce settlement. See Why is Elin Nordegren Refusing to Sign Tiger Woods Lifetime Confidentiality Clause? However, Elin gave one interview to People magazine, which she said would be her onlyinterview, to clear up certain matters and to share her feelings on the matter.
A BAN ON TIGER'S WOMEN AROUND THE KIDS
Elin Nordegren .
• Elin made sure the divorce settlement contained a clause which forbids Tiger Woods to expose the children to his mistresses, or any female companion he is romantically involved with, unless he is married to said person. See Tiger Woods - Elin Nordegren Divorce Settlement Takes Tiger’s Mistresses into Account
Tiger Woods
• Women to whom Tiger can expose the children - Women, not romantically linked to Tiger will be allowed around the children, in addition to female members of Tiger’s staff who are personally known to Elin.
LIVING ARRANGEMENTS
Elin Nordegren
• Freedom take the children to Sweden
• Freedom to live where she chooses - Tiger has given Elin “wide latitude” to as to where she and the children live. Elin has been looking at condos on Jupiter Island near where Tiger lives. In her People magazine interview, Elin expresses her desire to buy a home near Tiger, so that the children can continue to have a healthy relationship with their father. See What Elin Nordegren Plans to Spend Part of Her Divorce Settlement Money On
Tiger Woods
• Tiger’s permanent residence is in south Florida. Now that his multimillion dollar Jupiter Island estate is complete, Tiger lives there when he’s not travelling to play golf.
Title: Tiger woods divorce settlement
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Post by 7:38 AM
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