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How will Moore and Adams divide assets?

Tuesday, June 27, 2017

After six years together, a musical couple has decided to part ways. Texas fans are likely familiar with the power duo of former pop star Mandy Moore and her husband, alt-rock icon Ryan Adams, who were married in 2010. They will now divide assets and debts as part of their divorce settlement, which was finalized earlier this year. 

According to sources, the divorce was made final on June 20 after the couple announced their split in January 2015. There have been some setbacks on their road to an amicable divorce, most notably dividing the custody of their eight pets. Moore also requested spousal support from Adams to the tune of $37,000 per month. 

The spousal support requests have now been dropped, and neither party will be receiving spousal support. Shared property has been divided according to the couple's home state laws, with Moore keeping the majority of their shared lodgings and the couple's shared car, and Moore will be accepting a one-time payment of $425,000. Adams is keeping a number of expensive items, including a comic book collection, pinball and arcade machines and two high-end vehicles. They will each retain the publishing rights to their own music. 

A divorce of this scope may not seem to bear much in common with the divorce experience of many Texas residents. However, no matter how large or small the scale, a couple must still divide assets as part of their divorce settlement. Thankfully one does not have to be a rock star to take advantage of the professional support available to both spouses under the community property laws of this state. 

Source: etonline.com, "Mandy Moore and Ryan Adams' Divorce Finalized: Who Gets What?", Antoinette Bueno, June 23, 2016

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