Although Tiger Woods’ and Elin Nordegren’s divorce was finalized on August 23, the amount of their divorce settlement wasn’t disclosed until recently.
Throughout the divorce, it was speculated that Woods was worth between $500 and $750 million. In the end, Nordegren received a payout of $110 million in their divorce settlement according to RadarOnline.
A Fox News article entitled, “Nordegren gets $110M in divorce,” stated that Woods and Nordegren first separated “after a confrontation last November over Woods’ affair with New York hostess Rachel Uchitel. Woods entered a rehab program for sex addiction, where he reportedly admitted to affairs with several women.”
As a loving parent of two children, Woods retains the natural rights of a father and will share legal custody of the children. Nordegren will maintain physical custody of 3-year-old daughter Sam and 20-month-old Charlie with Woods being allowed flexible visitation rights, accommodating his schedule as a professional athlete. Woods will be able to re-negotiate these terms in five years.
To read the full Fox News article, click here.
The Men’s Divorce Law Firm is joyous to hear that the visitation between Tiger and his children will be frequent and flexible around his schedule. If you or someone you know has questions about the visitation options they have, please tell them to contact us today to discuss their situation further.