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Basketball star pays lump-sum alimony

In Ohio and elsewhere, divorce settlements vary depending on the situation of each spouse. Financial agreements for alimony and child support are based on the income of the exes, as well as any assets they own together. NBA and WNBA fans may be interested to hear of the general alimony settlement in the divorce between stars Shelden Williams and Candace Parker.

The couple married in 2008, the same year Parker began her WNBA career. Williams had been a professional player for two years at the time. Over his six-year career in the NBA, Williams reportedly made more than $12 million. Although a number was not given in an account of the settlement, Parker's salary was higher than her husband's, and she will be paying him a lump sum of $400,000 in lieu of continuing alimony payments.

The former couple have an 8-year-old daughter, and they will be sharing physical and legal custody with no child support. Both parents agreed that they will split education and other essential expenses their daughter will require as she grows older. The house the family once shared has recently sold for nearly $4 million, and the profit from the sale will be divided evenly.

Whether the decision to divorce is a mutual decision between spouses or not, some of the stress of the process can be eliminated with the advice and support of an experienced family law attorney. An Ohio attorney can ensure harmful mistakes concerning alimony, child support and child custody are avoided. The peace of mind given to an anxious client can be invaluable during such a chaotic time.

Source: tmz.com, "WNBA's Candace Parker Pays $400k In Alimony to Divorce NBA Hubby", April 17, 2018

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