He may have been the second man to step onto the moon’s surface, but he is not the first to have entered into large divorce settlement, which is common in California. Astronaut Buzz Aldrin’s divorce has finally become official after almost one and a half years after the high asset divorce was filed.
The Astronaut, who is now aged 82 years, has officially divorced his wife of the last 23 years. This was the third marriage for the famous Astronaut and the third divorce. The specific reasons the divorce process took almost one and a half years to finalize were not released, but the division of assets and spousal maintenance may have played a role in the delayed processing of the divorce proceedings.
The division of assets and the request for spousal maintenance are common factors in divorces, especially in high-asset divorces proceedings. It was initially reported that the astronaut’s third wife had originally requested $25,000 per month in spousal maintenance. The final divorce proceedings indicate the third wife will receive $9,500 per month in spousal support. When spousal support is issued by a court, there are typically conditions placed upon it or a timeframe for which the spousal maintenance is owed, but those factors were not publically released for this divorce.
In addition to monthly spousal maintenance payments, the Astronaut will have to divide his financial assets which include his yearly income of $600,000. As stated in the final divorce documents, the Astronaut will also pay his former wife 30 percent of his yearly income, 50 percent of his almost $500,000 savings and 50 percent of his future earnings. Along with the financial aspects of the divorce, his former wife also retained her Mercedes that has a personalized license plate that states “Moon Gal.”
Source: New York Daily News, “Astronaut Buzz Aldrin loses half his fortune in divorce settlement with third wife,” Christine Roberts, Jan. 7, 2013
Ann. A. Thomson (Seal Beach family law attorney) can help. Please call 562-431-4333 or contact her online today.