$75 Million Property Settlement in Madonna's Divorce

The associated press reported Monday that a $75 million property settlement was given to Madonna's Ex, Richie as part of the couple's agreed division of the marital estate. Part of the value of the settlement included the Madonna home estate Aschombe in western England.
( http://news.findlaw.com/ap/e/1403/12-15-2008/20081215102008_62.html )
Although custody and visitation rights were still being worked out. This may be the largest property settlement ever recorded for a marital estate.

Texas follows community property when it comes to property settlements. Generally, properties or marital assets acquired during marriage is considered community property and therefore equally belonging to each spouse at 1/2 each. Although it's fairly common for spouses to divide property by agreement such as the Madonna v. Richie case, but if the issue is contested, Texas courts look to a number of factors in making property division orders.

If you have a divorce case and need legal advise on an amicable property settlement or dispute, visit our web page at http://www.lorenzanalegal.com/practice_areas/family_law.html , or contact our Austin family law attorneys about your case at http://www.lorenzanalegal.com/contact_us/index.html .
We would be glad to review your case and assist you with your family law or divorce matter.