The divorce process can be made complicated by the number of issues that need to be addressed, particularly for high-asset couples with children. Reality star and business owner, Kristin Cavallari, and former NFL quarterback, Jay Cutler, decided to divorce after 10 years of marriage.
Cutler filed for divorce in April, citing ‘irreconcilable differences’ and asking for joint custody. While the divorce has been tumultuous so far, the divorcing couple has recently agreed to a permanent parenting plan specifying their joint custody arrangements for their three children, ranging from ages 4 to 7.
For now, the children will stay at the family’s home in Nashville, while their parents will switch in and out of the house every other week. Cutler and Cavallari have agreed that this arrangement will continue until Cavallari moves into a new home, that she recently found for herself. Cutler reportedly has agreed to release martial funds for Cavallari to purchase her new home.
According to the agreement, the children will spend 50 percent of the year with Cavallari and 50 percent of the year with Cutler. As ‘joint primary residential parents’, Cutler and Cavallari will alternate weeks with the children, with a week beginning after school on Friday and ending the following Friday after school. As for holidays, Cavallari and Cutler will be alternating fall and spring breaks, Easter, and Thanksgiving, and splitting the Christmas holiday. The agreement also specifies that each parent will be allowed two phone calls and two FaceTime/Skype calls per week when the children are with the other parent.
As for financial support of the children, the parties have agreed to share costs relating to the children’s extracurricular activities. Cutler has also agreed to maintain the children’s health insurance. Otherwise, each parent will be responsible for financially supporting the children during their designated parenting time.
High-asset divorces, including celebrity divorces like this one, are often more complicated, as the couple’s fame and wealth can lead to more complex property division, child custody, and child support issues. Fortunately, however, many of these couples and their attorneys are able to negotiate the terms of their divorce before ever stepping foot into a courtroom.
