Gwen Stefani and Gavin Rossdale are among the couples who join the wagon last year of celebrity divorce. New reports suggest that the estranged-couple has finally reached a divorce settlement.
Gwen Stefani And Gavin Rossdale Divorce Settlement
TMZ reported that the "The Voice" former judge, Gwen Stefani got No Doubt while Gavin Rossdale got Bush. They split the music rights, but Gwen Stefani got a lot more than Gavin.
Per the reports, Gavin agreed to have lesser than he was entitled to keep their split amicable. They were married for 13 years.Gavin Rossdale could have fought for 50 percent of everything they have during their marriage.
However, he opted to let her keep some various assets she acquired. Apart from having a bigger portion in their music right, Gwen Stefani will be keeping 100 percent control on her popular and successful fashion line, L.A.M.B and Harajuku Lovers. However, Stefani would be putting up 25 percent of its profit in a trust, which many assume would be for the kids.
Gwen gave up her property rights to the four homes they have in Europe. However, she has 50 percent of the profits from the sale of their Beverly Hills House. She will also have full control over their two houses in Los Angeles.
Child Support Arrangement
Gwen Stefani and Gavin Rossdale have three children Kingston, Zuma and Apollo. Neither of them gets a child or spousal support. However, they agreed to have an expense account for the kids, where they will deposit $1million each. There are no custody battles because the pair agreed for a joint physical and legal custody.
Gwen Stefani And Gavin Rossdale Split
Gwen Stefani and Gavin Rossdale split last year and just like Ben Affleck and Jennifer Garner, the estranged couple announced their split in a joint statement. Here's a portion of it.
"While the two of us have come to the mutual decision that we will no longer be partners in marriage, we remain partners in parenthood and are committed to jointly raising our three sons in a happy and healthy environment," they told US Weekly. "To that end, we respectfully request privacy from the media during this time."
What do you think of Gwen Stefani and Gavin Rossdale's divorce settlement? Do you agree that Gavin just did right for receiving less than he should? Share your thoughts below.