Allen Iverson Settles Divorce at $3 Million

In most divorces, property is divided 50/50 between spouses. This can often bring on complicated negotiations regarding who will get which furniture pieces and which spouse will end up with the property. Sometimes splitting marital property 50/50 involves selling a home and splitting the profit and selling cars as well. As the amount of money involved in a divorce rises, so does the tension between spouses in most situations. When Allen Iverson and his wife Tawanna chose to split, the battles started as they both negotiated on a satisfactory settlement.

While most divorces involve a complicated division, former NBA star Allen chose to give his wife a “buyout” settlement. Instead of dividing property with her, he has agreed to give his wife $3 million at the time that their divorce is finalized. The couple has been arguing back and forth on their property division, and Allen decided it would be easier to part with his cash than some of his rare and sentimental possessions. In exchange for giving Tawanna this seven-figure sum, he will be able to keep his Georgia mansion and his Maybach automobile for the time being.

If you are involved in a divorce battle at present, then you will want an attorney on your side to help you out. With a lawyer there assist you, you will be able to fight for your preferences and possible get the upper hand when you determine a settlement. You need a creative and helpful lawyer who can help you work out a negotiation that will satisfy your spouse while still allowing you to keep the property pieces that you find most important. Contact an attorney at Claery & Green to get representation in your divorce case from a dedicated Los Angeles family attorney with a track record of success.