Tuesday, 10 July 2012

Cruise & Holmes do a deal

The press have today reported that Tom Cruise and Katie Holmes have concluded a divorce financial settlement  and also settled the arrangements for their daughter, Suri. Press reports suggest that a pre-nuptial agreement will have limited the amount that Cruise has paid but that Cruise has probably made a goodwill payment to bring negotiations to a swift conclusion. Of course, the exact details of the settlement are likely to be kept secret.

Reports also suggest that Holmes will have sole "custody" of Suri but that Cruise will get "significant custodial time". In the UK if parents cannot agree upon the arrangements for a child post separation then an application to the court can be made for a residence order which decides with whom the child should live  and also a contact order which will set out what the day to day arrangements are for the child such as how much time the child spends with each parent. It is however important to obtain specialist advice before applying to court because there are alternatives to court.

For more advice on divorce follow our family law blog or follow us on Twitter @divorce_experts.

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