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Old 03-17-2008, 09:02 PM   #1
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McCarty to pay $50M

http://www.cnn.com/2008/SHOWBIZ/03/1...lls/index.html

Seem fair? After all, she helped him build this fortune.
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Old 03-17-2008, 09:10 PM   #2
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I think that is only about $1400
for each hour she was married.


What do you think he gets paid for an hour show?
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Old 03-17-2008, 09:13 PM   #3
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Everyone says that, but, legally, it doesn't matter. There's no prenuptial agreement, and, thus, there's usually an expectation that an ex-spouse is entitled to a standard of living equivalent to what he/she was living before, barring such an agreement.

Considering that he's worth close to a billion dollars, what's a measly fifty million to him anyway? I have better things to do with my life than to feel sorry for a billionaire.
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Old 03-17-2008, 09:15 PM   #4
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Unless you're looking to start a more general discussion about divorce settlements and so forth, I think this is probably better discussed in the thread we already have going about this story over in ZS.

http://forum.interference.com/t184102.html
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Old 03-17-2008, 09:35 PM   #5
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BTW, it's McCartney, not McCarty.
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Old 03-18-2008, 09:52 PM   #6
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Quote:
McCartney, not McCarty
Really? You'd think after listening to the Beatles for 35 years I'd know that. Hmmm... learn something new everyday.
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Old 03-18-2008, 09:55 PM   #7
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Quote:
Originally posted by melon
Everyone says that, but, legally, it doesn't matter. There's no prenuptial agreement, and, thus, there's usually an expectation that an ex-spouse is entitled to a standard of living equivalent to what he/she was living before, barring such an agreement.
Even if there was a pre-nup, the fact they now have a child, who will reside with her, at least part of the time, and the child is used to a certain standard of living, you can bet that he'd have had to cough up significant funds.

It is not unheard of for wealthy fathers who had pre-nups to be paying around $100K/month for child support.
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Old 03-19-2008, 08:20 AM   #8
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Quote:
Originally posted by melon
Everyone says that, but, legally, it doesn't matter. There's no prenuptial agreement, and, thus, there's usually an expectation that an ex-spouse is entitled to a standard of living equivalent to what he/she was living before, barring such an agreement.

Considering that he's worth close to a billion dollars, what's a measly fifty million to him anyway? I have better things to do with my life than to feel sorry for a billionaire.
This is correct, and I'm with you in not particularly giving a damn about it.

But she's clearly a gold-digger.
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Old 03-19-2008, 10:01 AM   #9
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I'm surprised this would be available online so quickly, but supposedly this is the judgement document. Don't think I want to read 58 pages, but I it did skim through it yesterday.

http://i.cdn.turner.com/cnn/2008/ima...ent_180308.pdf
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Old 03-19-2008, 12:33 PM   #10
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In America we have a word for ex spouses of this nature:

:"m o o c h"

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Old 03-19-2008, 12:57 PM   #11
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Re: McCarty to pay $50M

Quote:
Originally posted by MadelynIris
http://www.cnn.com/2008/SHOWBIZ/03/1...lls/index.html

Seem fair? After all, she helped him build this fortune.
She was married to him for 4 years; I think he had his fortune built long before she came into the picture.
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Old 03-19-2008, 01:05 PM   #12
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Re: Re: McCarty to pay $50M

Quote:
Originally posted by ewings


She was married to him for 4 years; I think he had his fortune built long before she came into the picture.
Sarcasm...
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Old 03-20-2008, 09:41 PM   #13
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Nope--fact.
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Old 03-20-2008, 09:56 PM   #14
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He was referring to MadelynIris' question.
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Old 03-21-2008, 11:10 AM   #15
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Quote:
Originally posted by melon
Everyone says that, but, legally, it doesn't matter. There's no prenuptial agreement, and, thus, there's usually an expectation that an ex-spouse is entitled to a standard of living equivalent to what he/she was living before, barring such an agreement.
the standard equivalent to before they got married or divorced?

because the judge did state (though not in these exact words) that Mills couldn't expect she was entitled living according to the standard McCartney was able to provide her with
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Old 03-21-2008, 12:22 PM   #16
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Quote:
Originally posted by Salome

because the judge did state (though not in these exact words) that Mills couldn't expect she was entitled living according to the standard McCartney was able to provide her with
I didn't read the judgment, but again, they have a child, and that child would be entitled to the same standard of living she has always experienced. The practical result of that is that the huge amount of child support (which, at least here, you can never contract out of) that would allow the child to live at that standard would by necessity also increase the mother's standard of living.
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Old 03-21-2008, 04:24 PM   #17
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Quote:
Originally posted by Salome
the standard equivalent to before they got married or divorced?

because the judge did state (though not in these exact words) that Mills couldn't expect she was entitled living according to the standard McCartney was able to provide her with
Yes. She will have to settle with being a multimillionaire, rather than a billionaire.

I guess you could call it a "minor inconvenience" for both involved.
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