Skip to main content
(866) 465-5395 Schedule a Consultation (866) 465-5395 Schedule a Consultation

Is $400,000 per Month in Child Support a Lot? It Depends.

| |

Details of Katie Holmes’ and Tom Cruise’s divorce settlement recently surfaced, highlighting the fact that support payments have to be viewed in relation to a number of other factors. According to this article, Holmes will receive $400,000 per month for 12 years in child support under the settlement. She will not receive any spousal support or alimony.  Depending on how you view the $400,000 amount, it is a lot or a little.

At first blush, the amount of child support Holmes will receive seems like a lot. Most everyday people do not need $400,000 per month to provide for their children. On the other hand, the total amount of child support she will receive over 12 years – $4.8 million – does not seem all that large in comparison to Cruise’s net worth, which is reported to be $250 million.

Holmes and Cruise reached their settlement pursuant to a prenup they signed prior to their marriage. As I have discussed in previous blogs, a prenup is a valuable tool for planning for potential divorce, especially when the marrying partners are very wealth or when one partner has significantly greater wealth than his or her fiancé.

Had Holmes and Cruise not had a prenup, they could have reached a settlement out of court, or they could have gone to court. In either case, both their attorneys and a judge would consider factors such as the child’s needs and her accustomed standard of living in determining the amount of child support. Using such factors, the amount of child support Cruise will have to pay each month could be reasonable. Holmes will have to cover the costs of constant security for her daughter. Child support can also be used for expenses such as their daughter’s private schooling and activities.

If you have any questions about prenups or the divorce process, including settlements and child support, please feel free to contact the experienced family law attorneys at Petrelli Previtera, LLC.

Client Testimonials

Here's what our clients have to say about working with us. Please note, results may vary based on individual circumstances.

Melinda Previtera, Esq. came highly recommended to our family. Her knowledge base, professionalism, and compassion paved the way for a successful outcome. Melinda is efficient, detailed, and informative. She helps manage expectations, and postures her client for a fair and equitable result. We are happy to recommend Melinda!

Jennifer A.

My experience was very good. Everyone was professional and attentive to my needs, keeping me updated every step of the way. I couldn’t ask for a better result, highly recommended.

David R.

My marriage life has been a hell for me for the past four years until I decided to put an end to what has to be ended. Choosing a lawyer was another additional stressful part of the long process. I’m so glad that I’ve found the right one for me at Petrelli Previtera. Life isn’t always fair, but at least having her in my corner, felt even better. I couldn’t recommend her highly enough!

Caitlin B.

Serving Clients at the Following Locations

Bethesda4800 Hampden Lane, Suite 200 Bethesda MD 20814(301) 234-7409view details
Maryland5425 Wisconsin Ave Chevy Chase, MD 20815(301) 889-8085view details
ChicagoTwo Prudential Plaza 180 North Stetson Suite 3500 Chicago, IL 60601(312) 252-2085view details
Schaumburg1750 E. Golf Rd, Suite 382 Schaumburg, IL 60173(630) 491-9670view details
Texas500 W 2nd St Suite 1900 Austin, TX 78701(512) 883-1684view details
Washington DC1717 K Street NW, Suite 900 Washington DC 20006(202) 519-0366view details
Denver7900 E. Union Ave. Suite 1100, Denver, CO 80237(720) 821-6440view details
Princeton475 Wall St, Suite 214, Princeton, NJ 08540 Meeting Location: By Appointment Only (609) 917 9560 view details
Linwood210 New Road #15 Linwood, NJ 08221 Meeting Location: By Appointment Only (609) 375-0351 view details
Parsippany8 Campus Dr, Parsippany, NJ 07054 Meeting Location: By Appointment Only (973) 310-5320 view details
Philadelphia1845 Walnut Street 19th Floor Philadelphia, PA 19103(215) 523-6900view details
Montgomery County516 DeKalb Street Suite C Norristown, PA 19401(610) 924-2870view details
Doylestown123 N Broad Street, Doylestown, PA 18901(267) 938-4480view details
Abington1147 Easton Road, Abington PA 19001(610) 890-4833view details
West Chester203 W. Chestnut St., Suite 204
West Chester, PA. 19380
(610) 431-4012view details
schedule a consultation Today
Contact Us Fill out the form or call us today (866) 465-5395