How Much does the Divorce Cost, Tiger Woods?
Amid reports that his wife Elin Nordegren is consulting with a high-powered divorce attorney, Tiger Woods and his estimated net worth of 0 million – considered one of the biggest in professional sports, thanks in large part to sponsorship endorsements worth some billion – is coming under scrutiny, should a divorce necessitate a need to divide his estate.
In addition to issues of custody involving the couple’s two children, Sam, 2, and Charlie, 10 months, experts in family law are saying that the factors involved would include the location of the divorce filing and what terms were specified in any prenuptial agreement.
Reports say that in this instance, such a marital contract was drawn up before Woods, 33, and Nordegren, 29, wed in Barbados in 2004.
“Prenups can be challenged, but usually the vulnerability of a prenup will be procedural,” such as whether the wife “didn’t have reasonably good information when she signed it,” University of Southern California family law professor Scott Altman tells the Los Angeles Times.
Woods’s Dec. 11 admission of marital infidelity would likely not affect the agreement, “unless the prenup says infidelity would set aside some of its terms,” says Altman. “In the absence of that, infidelity during the course of the marriage would not be relevant to the enforceability of a prenup.”
Florida’s Property Laws
As residents of Florida, Woods and Nordegren would not be subject to California’s 50-50 community property laws, though they did, in fact, live in the Western state earlier in their marriage.
Rather, Stanford University family law professor Richard Banks tells the Times, in Florida, which has separate property laws, “You have to divide the assets equitably, but that doesn’t necessarily mean equally,” he said. “In fact, the greater the pot of money, the less likely a court is to split it evenly.”
In Florida, Banks says, “whoever makes the money generally gets to keep it,” though the court may take into account that the spouse has grown accustomed to a certain lifestyle – one that the richer spouse may be asked to help maintain.
Nordegren may make her final decision regarding her marriage sometime after the holidays, PEOPLE reports in its current issue.
Another Endorsement Lost?
In the wake of the scandal that may cost Woods his marriage, Woods on Friday faced the potential loss of another major endorsement deal, with the luxury Swiss watchmaker Tag Heuer. Gillette and the consulting firm Accenture have already backed away from continuing to use the golfer as their pitchman, while Nike has said it plans to maintain its relationship with him.
Saying that Tag Heuer was re-assessing its stance regarding Woods, after initially saying it would support him, the company’s CEO Jean-Christophe Babain is quoted as saying in the Swiss newspaper Le Matin: “We recognize Tiger Woods as a great sportsman, but we have to take into account the sensitivity of some consumer in relation to recent events.”
Tiger Woods events development
Frequently Asked Questions
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QUESTION:
Divorce cost?
I need to know what to expect in terms of cost. I already know that when I talk to an attorney I will get the figure they charge but I would like to ask this community what their experience has been. How much would a good attorney cost in California to represent me in my divorce? They will also need to try to get me joint custody of my 4 children. What cost estimates do you know of?-
ANSWER:
A good a attorney – k and could be more depending on your assets and what all paperwork he would have to submit.My advice, if you do not have a boat load of assets, save your money and do it yourself. Costs range about 0-500. You will get joint custody of your children no matter what, UNLESS you have had drug problems or jailed convictions in the past. If you have been a good citizen, the judge will not keep you from your kids. You don’t need a lawyer for that.
If you had have problems in the past, the lawyer IS probably your best route.
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QUESTION:
Divorce Cost?
Please can someone advice – a female relative who has been married for over 2 years is seeking a divorce from her husband on the grounds of adultery. She is from India & he is british born & bred. Both have agreed to divorcing & there is nothing to share or split, so no great deal of debate needs to negoiated over – how much is this likely to cost.Someone told me that it will cost £2000.00 but I have heard it is less than £500.00
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ANSWER:
Mine cost £15 000, but it was complicated and full of spite.
I’m sure she’ll be advised on getting a blood sucking solicitor, though would suggest she goes straight to the court for advice.
It may be that there is just a small fee for court costs, if it is just a case of divorce.
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QUESTION:
How much does a divorce cost in California?
My husband and I have one child together, we don’t own a home, or even an apartment, we live with his parents. I have all the money, he doesn’t have a job. I just want to know if everything goes smoothly and we agree on simple terms with our daughter what will the cost be. I keep my stuff he keeps his stuff. No issues just a plain divorce with no lawyers. What do you think it would cost?-
ANSWER:
They say the courts are closing down in California “left and right” a simple divorce can take up to 18 months…I’d go to the closest Legal Aid society OR? -BUY the Nolo Press book out of Berkeley, California on divorce and do it yourself – which right now? May be the very best way for you to go.Our courts are in deep “do do” here and it could take short of forever, you’re best in this situation doing it yourself BUT, having the right guidance to do so – Nolo Press’s book will do it for you dear, I guarantee it.
Grace
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QUESTION:
How much does divorce cost if both couples are in agreement to everything?
My husband and I are getting a divorce and I was wondering. How much it would cost of we both agreed on everything house cara and children would it be cheaper and easier? We live in pa of it’s any difference in price.-
ANSWER:
The total cost is usually around 9.00. The most cost effective legal way to get a cheap divorce is to process your divorce online. I suggest you to check out Complete Case. Their simple and inexpensive process will enable you to complete your divorce documents from the comfort of your home, without incurring the cost of an attorney, or dealing with lengthy completion and delivery periods.
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QUESTION:
How much would an uncontested divorce cost?
I was just curious as to how much an uncontested divorce would cost in my state of Oklahoma. I got married a couple of months ago and I’m extremely unhappy. We have no property or anything together or children and if it did happen we would both willingly sign the papers. . I know we can’t get it annulled because there are no circumstances that would warrant an annulment. Any help would be greatly appreciated.-
ANSWER:
The two of you can do this on your own… easy peasy. Just go to the court and tell the clerk what you want to do, and make sure to tell him or her that this is an Uncontested Separation of Marriage. You will have to fill out some forms, file the papers in court yourself and you will likely both have to appear but it’s really not that difficult.I am telling you, lawyers make so much money off things that we can do ourselves, but no one talks about it and everyone is afraid. If she’s not fighting you on anything then follow the process.
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