Shannon and David Beador’s divorce was more than just broken hearts — a lot of money was lost in the settlement when the former couple finalized their 17-year marriage on April 25.
Shannon Beador’s monthly spousal support from her ex-husband was cut drastically from 22,500 to 10,000 in their divorce settlement, according to court documents. According to court documents:
“It is the parties’ bargained-for agreement for this stipulated order that Respondent shall pay Petitioner $10,000 per month in combined child and spousal support for ten (10) years, and no more and no less than the $10,000 per month in combined child and spousal support.”
Shannon’s deal gave her $2,935 a month in child support and $7,065 a month in spousal support, totaling $10,000.
In addition, the reality star agreed to a one-time payment of $1.4 million in order to give her half of their community property, reports The Blast.
“The Court finds irreconcilable differences have arisen, causing the irremediable breakdown of this relationship. Neither the passage of time, counseling or the assistance of the court, could not assist in the repair of this marriage. Judgment of dissolution is granted. Jurisdiction was acquired over the Respondent on 12/6/17 by notice and acknowledgment of receipt. Pursuant to stipulation, the marriage shall terminate on 7/1/19,” the documents read.
Each parent will continue to share joint legal and physical custody of their teenage girls and agreed to not move outside Orange County with their three children — “The parties stipulate that it is in the best interests of the minor children to have equal contact with both parents.”
“The parties shall cooperate to promote healthy parent-child relationships between each party and each of the children, and neither party shall make derogatory remarks about the other in the presence of the children,” the documents stated.
Shannon will keep a 2015 Cadillac Escalade and a 2018 BMW 7 Series sedan.
While, David will retain a virtual car dealership, a 1998 Ford Expedition, a 2008 Ford Explorer, a 2011 Land Rover Range Rover, a 2017 BMW XS, a 2018 Ford Raptor Truck, a 2018 Porsche Carrera Turbo and all household items in his possession.
Share your thoughts on the Shannon Beador and David’s divorce settlement. Comment below!