Dennis Quaid, the celebrity actor, has reached a final agreement with his now ex-wife regarding property division, child support and alimony. The high-asset divorce will see millions of dollars moving between the pair. They have also reached an agreement for the care and co-parenting of the children. Texas individuals seeking divorce may be able to glean some helpful details from the public example of Quaid and his wife.
The pair had been married for several years and also were raising twins together. This was not the first time the wife had started divorce proceedings, but the first time she decided not to go through with the divorce. The pair say that they remain committed to co-parenting together in the best interests of the children.
Kimberly Buffington-Quaid, the ex-wife, will receive a $2 million lump sum as a spousal support payment. She will also receive an additional $1 million as property settlement and will be granted over $13,000 per month in child support, which is subject to increase should the actor’s income surpass a certain threshold. Quaid will keep most of his luxury cars and a home in Austin.
The couple seems to have handled the separation with grace and mutual respect, and their public statements have remained kindly. With the divorce behind them, both parties will be able to move on and embrace a new chapter in their lives. Individuals in Texas ready to take the leap into the next chapter without their spouse may wish to contact an experienced family law attorney for more guidance on how to settle support, property and custody issues.
Source: people.com, “Dennis Quaid and Ex-Wife Finalize Divorce“, Mike Miller, April 27, 2018