Kevin Federline Divorce Settlement: Britney Spears Pays Up
Kevin Federline is getting a lot more than the $1,000,000 we thought Britney would be giving him. It turns out he’ll actually be getting assets worth $13,000,000 and other intangibles, like 57% custody of his two boys.
According to Star Magazine, they had a conversation like this:
Britney Spears: “Do you really want to do this?”
K-Fed: “Yes.”
Britney Spears: “You’re the biggest mistake I’ve ever made, but thank you for my babies.”
Kevin is also prohibited from writing a book about the experience, but he gets the kids and a ton of cash:
- A 2004 pre-nup called for K-Fed to get $250,000 for each year of their marriage, but Spears upped that figure to $500,000 to speed up the negotiations.
- He receives half the proceeds from their Malibu mansion, which is on the market for $13.5 million.
- $25,000 a month in child support for each of the couple’s two children until they reach 18. He also gets custody of the boys four days a week.
- Federline gets to keep all the gifts Spears bought them during their marriage.
- He’s forbidden from writing a tell-all about their marriage.
This entry was posted on Wednesday, April 4th, 2007 at 12:01 pm and is tagged with pre nup, kevin federline, malibu mansion, divorce settlement, star magazine, writing a book, intangibles, two boys, child support, britney spears, 5 million, negotiations, proceeds, babies, k fed, assets, marriage, biggest mistake. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback.
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