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Mike Epps to pay spousal, child support in divorce settlement

When celebrities end their marriages, it is not unusual for the settlement terms to come with high numbers related to alimony and child support. Of course, it is not only celebrities who may face such outcomes, as any individual going through a high-asset divorce can face considerable financial implications. Nonetheless, these celebrity cases can often provide examples to individuals interested in possible settlement outcomes.

New York residents may be interested in the recent settlement details released regarding the divorce of actor Mike Epps and now ex-wife Chenelle Epps. The two had been married for approximately a decade when Mike filed for divorce in 2016. Chenelle stated that she was caught off guard by the end of their relationship, but she attributed her ex-husband's interactions with another woman as a major cause.

As part of the divorce settlement, Mike Epps is ordered to pay spousal and child support each month. The alimony amount was reported as being $25,000 to be paid for six and a half years. Additionally, $15,000 in monthly child support and school tuition is also required. The former couple have two children together.

At any income level, divorce can have considerable financial impacts. As this case shows, individuals with substantial wealth may face the potential of having settlements that could result in high monthly payments, and many New York residents may want to work toward the outcomes they find most agreeable. If parties are concerned about how to fight for the results they hope to achieve, they may wish to learn more about their legal options and strategies.

Source: bet.com, "Risk It All: Here's How Much Mike Epps' Divorce Is Costing Him", Jasmine Washington, Sept. 7, 2017

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