How much will it cost Tiger Woods in a Divorce

Posted by Geronimo Boosh on December 20, 2009 · Leave a Comment

Amidst news reports that his wife Elin Nordegren is conferring with a high-power divorce lawyer, Tiger Woods and his calculated revenue of $600 million â€“ believed to be among the largest in pro sports, thanks in large part to sponsorship blurbs worthy some $1 billion â€“ is coming under examination, should a divorce involve a need to split up his estate.

Also issues of custody affecting the couple’s 2 children, Sam, 2, and Charlie, 10 months, experts in family practice of law are stating that the elements affected would include the location of the divorce registering and what conditions were designated in any prenuptial agreement.

Reports state that in this case, such a married contract was composed prior to 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 December. 11 admission of marital unfaithfulness would in all probability not impact 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.”

As occupants of Florida, Woods and Nordegren wouldn’t be subject to California’s 50-50 community property laws, whilst they did, in reality, live in the Western state earlier in their marriage.

Instead, Stanford University family law prof 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 â€“ one that the richer spouse may be asked to help maintain.

Nordegren might make her final judgment concerning her marriage sometime after the vacations, PEOPLE reports in its current issue.

In the wake of the outrage that might cost Woods his marriage, Woods on Friday faced up the possible loss of another leading endorsement deal, with the elegant Swiss watchmaker Tag Heuer. Gillette and the consulting firm Accenture have already backed away from carrying on 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.”