The Atlanta Family Law News Blog - Find an Atlanta Family Attorney

Details On The Tiger Woods And Elin Nordegren Settlement

Just in case you were suffering withdrawal from the daily deluge of news regarding Tiger Woods and his messy divorce from Swedish beauty Elin Nordegren, the Examiner published a comprehensive breakdown of the settlement

First of all, as we blogged about earlier, it's nowhere near the unimaginably high $750 million payout declared by the rumor mill between Tiger Woods and Elin Nordegren. It's a more-modest $100 million settlement, which should still be enough to keep Elin Nordegren out of the thrift shops and soup kitchens.

But given the embarrassing text messages to his mistresses and other signs of extreme infidelity, Atlanta divorce lawyers probably expected a much higher payout. It's not known publicly exactly how much Tiger Woods is worth but Forbes estimates it to be roughly $600 million, which would mean Elin Nordegren is getting about one-sixth of his money.

It's still not clear exactly how much child support Tiger Woods will pay to care for his two children, 3-year-old daughter Sam and 18-month-old son Charlie, but estimates put it somewhere at least $20,000 per month.

As far as the children are concerned, both parents have legal custody of their children, which means they each have a say in how they are raised. But the former model has sole physical custody, which means the kids will stay with her. Tiger Woods will be able to see his children for up to one-half of each week and his visitation schedule may be adjusted to accommodate his work schedule.

But only women who are not romantically involved with Tiger Woods may be around their children, according to the agreement. If he decides to remarry, then the children may be around her (although it raises questions around his ability to introduce his kids to a potential future step-mom).

Also, the golfing star will have the option of renegotiating the terms of the child custody agreement after five years.

Elin Nordegren, under the terms of the agreement, will be free to live wherever she wants and to take their children with her; that includes her native Sweden, where she reportedly has purchased a house.

Related Resources: