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Lawyer Raoul Felder on the divorce of Tom Cruise and Katie Holmes and how they might split the money.
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-- stop the -- -- it's over.
After jumping on Oprah's couch of excitement remember that.
The five years of marriage Tom Cruise and Katie Holmes are calling it quits spare combined net worth is estimated 275.
Million dollars so there's a lot at stake I think more money -- actually.
Here with me as rolls.
Well known divorce attorney -- thank you so much for joining us pleasure let's get right to it where would you rather be in this one.
Well -- lawyers told the money like or until magnate and he has the money here he's gonna have all a bit less as soon as this case is overlooked.
But he's basically the breadwinner of the real -- was big bucks.
Yet so let me ask you about some things that you know regular people might think would make a difference in you have to -- -- -- a case that she gave up her career because she's really sort of gotten -- -- over the -- -- -- that.
Both acknowledges a prenuptial agreement so they gonna get one of the pre nuptial agreement says.
The thing that can't be judged -- by the agreement you can't make an agreement is child support and custody.
So there's going to be a battle ground that's going to be the battleground.
But I think this is gonna go off you know off into the sunset they picked Friday afternoon Osama.
-- worst possible -- time.
Of course.
Hasn't stopped us from talking about anything yet but if they waited if they've done -- Thursday that -- the United States supreme court of the other side.
But my guess is neither one of these people reads -- -- Let's does -- matter where they were married they were married in Italian castle of course does that have any impact on the lockyer know.
Really does have a little legal speak is a marriage valid whistle on the causes -- -- -- everywhere who was served as small exception so he had married Timbuktu.
That doesn't matter you're married everywhere.
Does -- matter that -- residence is in California because of course California's a state that loves to you know aside in favor of the wives.
-- you know they it I mean isn't it mostly 5015 California you have a -- -- does it.
It's it's 55 dealership pre nup but I think -- another reason they -- New York, New York in New York the divorce cases.
The files of cereal you can't get it to the files California just won't get -- -- Clark usually the papers.
That's I think this was -- move towards preserving privacy of the situation that they pretty much agreed on for.
Doesn't matter if anyone cheated does that have an impact on whether or not they can break the -- -- for what the settlement looks like no -- there -- clauses that people put to bring up that do they have put the fight you -- you huge you know me.
This is what happens.
-- most lawyers will tell you don't do that because his -- to pre nup.
So you don't have to go to court if you have a clause that says only -- -- guilty of adultery -- you gonna have a trials of self defeating.
So it would only matter there is this specific -- that addressed it -- -- say that you don't we hear there was a torrid affair one of them was having it really doesn't actually have any impact on the finance and don't know about really -- we've progressed oil goes I should say the law thinks it has -- And it's gone into a different area now fault is not that full.
They the thought is this that if -- to the partnership -- applaud your breaks up.
One part of Missouri to the other all.
I think I would tell them more because you didn't show opened Wednesday that is divide the assets and that's what to do -- -- marriage today if you her lawyer what advice would you be giving her right now.
Our count the money does take what's in the agreement count the money making quick deal for child support it and move -- Really think I mean no real estate dare we say in -- make a deal at the first person that comes along that the most motivated that point in time you tried your best friends.
Do you get the best price out of it if you was settled quickly and quietly the way he would like it or do you gain something by fighting -- -- Funny you asked that because I wrote a book on the subject and I said pretty much in divorce cases some exceptions.
Think go very carefully about taking the first deal because -- -- often the best deal.
-- about -- cases you go downhill after that everybody's courage and everybody else after two weeks.
Very often first off is the best deal.
Why do you think we're gonna hear more about the same thing it's at a drag out next highest I think it's not a dog with a whimper about a bag and I think -- -- -- -- -- -- are right.
Raoul Felder thank you for coming in you are always the master in these situations and we it.
Appreciate your insight.
