Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Saturday, December 5, 2009

More on Tiger Woods' new marital agreement

Woods_Tiger Yesterday, I reported that Tiger Woods is allegedly entering into a new marital agreement with better terms for his wife, Elin Nordegren, in his attempt to keep her married to him.

Here are some additional details from Peter Cohan, Tiger Woods said to pay his wife millions to stick by him, Daily Finance, Dec. 3, 2009:

Getting that grand sum of $80 million (the $5 million she's getting upfront, plus the $75 million in the new prenup), however, will require Nordegren to stay with Tiger for another seven years, show up with him at social events and in public as if they were still the perfect couple, and sign a nondisclosure form that will prevent her from ever telling her story.

From Tiger's perspective, this is probably a good deal. After all, $80 million is a mere 8% of his $1 billion in career earnings as calculated by Forbes.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2009/12/more-on-tiger-woods-new-marital-agreement.html

Current Events, Estate Planning - Generally | Permalink

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341bfae553ef0120a718f7e9970b

Listed below are links to weblogs that reference More on Tiger Woods' new marital agreement:

Comments

Tiger can afford the $80 million so it's a reasonable arrangement for him. I think his wife will have a much tougher time sucking it up in public for another 7 years.

Posted by: Tiger Fan | Dec 5, 2009 10:46:06 PM

he's going to need an "indiscretionary trust" to replace his discretionary trust!
just a joke

Posted by: Anonymous | Dec 12, 2009 5:10:20 AM

Post a comment