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Celebrity chef must pay for child support and divide all assets

A divorce can be emotionally and financially draining on all of the parties involved. But it can be even worse in a high asset divorce since there can be sizable assets such as vacation homes, stocks and trust funds that must be divided up. And it seems that one beloved celebrity chef has found out just how expensive a divorce can be.

Well known chef and TV personality Giada De Laurentiis has just finalized her divorce from her husband, designer Todd Thompson. The couple was married for 11 years and has a seve-year-old daughter. And while they have both agreed to joint custody of their daughter, Ms. De Laurentiis has been ordered by the court to pay child support to her ex.

According to reports, Mr. Thompson will receive $9,000 a month from his ex-wife for child support. In addition, he was awarded the couple's home in Palisades, California which is currently valued at over $3 million. The home also contains many valuable pieces of art that are worth over $300,000 which now belong to Mr. Thompson.

While Ms. De Laurentiis will retain control of the rights to both her food and production companies, the court has decided that she will have to pay Thompson half of the advances that she received for all of her books that are being developed. This ruling seems to stem directly from the fact that the couple did not have a prenuptial agreement in place.

Any divorce, including a high asset divorce can be financially exhausting if the proper documents are not in place when a couple gets married. Therefore, any Minnesota resident who is planning to get married or get divorced may want to speak with a divorce attorney in order to fully understand their situation.

Source: pagesix.com, "Giada paying through the nose in child support after divorce finalizes", Sep. 4, 2015

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