After much back and forth, Kim Kardashian and Kanye West have finally settled their divorce. The couple has announced that they will be sharing custody of their two children and that neither party will receive alimony or child support from the other.
The divorce settlement comes as a huge surprise, given how unhappy Kim was when her marriage ended, but it seems the two are moving forward amicably.
The Importance of an amicable split
The latest divorce news between Kim Kardashian and Kanye West has stirred up a lot of different opinions. The couple is not only well-known in the public eye, but they also have three children together. They were married in 2014, so this divorce process was an interesting one.
A big question many people are asking is how their children will be affected. Several factors need to be considered when going through a divorce, but when you have children, it is important to make sure the separation has a minimal impact on them.
This means having an amicable split where both parties can maintain good communication with one another without any fighting or animosity.
How this will affect their children
In their settlement, the couple has agreed to share joint custody of their two children. They have also agreed to no spousal support, meaning they will not receive financial assistance from each other.
Also Read: Tyler Perry Signed A Deal With Amazon Studios For The Next Four Movies
It is not clear how this will affect them in the future, but it is possible that Kim’s income could help her provide a better lifestyle for her children than Kanye could without her. For example, she may be able to move them into a nicer home or enroll them in a private school.
The financial implications of the divorce
According to TMZ, the divorce settlement is worth about $1.6 million, with Kim receiving a substantial amount of money from her ex-husband. The couple also decided on joint custody of their two children, North and Saint. With this agreement in place, the children will be able to spend time with both parents in their homes as well as their respective second homes.
Understandably, some wonder why they needed a financial settlement at all; however, this is not unusual in celebrity divorces where one partner has more income than the other.
What the future holds for both parties
Kanye’s net worth is $500 million, which means he will likely have to pay his ex-wife upwards of $150,000 a month in spousal support.
His settlement may also include a lump sum payment of around $10 million. Kim’s net worth is unknown but she’ll likely receive about $130,000 a month in spousal support as well as the aforementioned lump sum payment.
It has yet to be confirmed whether or not their settlement includes child support payments from Kanye to Kim; however, it’s safe to assume that any such agreement would come close to the amount they’ll be receiving in spousal support payments.
Kanye will be allowed visitation rights with their children, but the details are still being negotiated between lawyers on both sides.
Conclusion
While it might not surprise anyone that the latest celebrity divorce to go through the courts was that of Kim Kardashian and Kanye West, there’s still plenty to be said about the settlement itself, especially since the couple has three children together who will undoubtedly be affected by their parents’ split.
If you’re wondering what this means for Kim, Kanye, and their kids, here’s a breakdown of what we know so far about Kim and Kanye’s divorce settlement…
