The Real Housewives of Orange County star Shannon Beador and her husband David Beador have reached a financial settlement in their divorce that cuts her monthly support payments in half.
Days after it was revealed the couple had finally come to agreeable terms for their divorce, details regarding their settlement have been publicized. It has taken over a year and a half, but the estranged couple is officially divorced. Their divorce judgment formally was filed in Orange County Superior Court last week making them over for good.
People magazine obtained a copy of the court documents. David has agreed to pay Shannon a one-time lump sum of $1.4 million. The reason for the large payment is to help equalize the division of property.
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In terms of monthly support, Shannon’s original request of $20,000 has been cut in half to $10,000, which is not chump change. The monthly payment will combine both spousal support, which Shannon will get for the next ten years and child support. $7,000 of the amount is for spousal support, while $3,000 is for child support.
Shannon and David are parents to three daughters, Sophie age 17, as well as 14-year-old twins Stella and Adeline. They have agreed to joint legal and physical custody of the girls. David has also decided to make sure their children have health insurance at all time. The former spouses will be considered single again in the eyes of the court as of July 1st.
Their turbulent relationship has been documented on RHOC. In season 10 Shannon informed her friends that David had cheated on her, which she discovered days before filming began on the season. They decided to give marriage counseling a try, allowing their sessions to be filmed for the Bravo show.
Despite the infidelity, the counseling appeared to work. David even surprised Shannon with a vow renewal ceremony. However, other issues were plaguing the couple, such as her weight gain and him checking out of the marriage. Eventually, all their problems led to David asking for a separation.
A rep for David and Shannon Beador has not yet confirmed the details of their divorce or even if the couple has finalized the end of their marriage. There is also no word on whether or not cameras were rolling as they came to a divorce settlement.