Shannon and David Beador were in mediation last week in Orange County last week. David Beador finally broke down and hired an attorney. I think that was the key to getting a settlement agreement hashed out. Eventually, the two attorneys reached and agreement and went before a judge stating they were satisfied with the final divorce settlement.
The specifics of the settlement were not disclosed at that time.
However, today The Blast obtained a copy of agreement.
Shannon’s monthly support will be decreased to $10,000 a month. Roughly three-fourths of that is spousal support and the rest is $2,935 per month in child support. This is less than half of her temporary support.They will share physical and legal custody of the children. They have also agreed not to move out of Orange County. The spousal support also has an end date that was not mentioned in agreement.
Shannon will be paid a one time lump sum of $1.4 million. She also gets two cars 2015 Cadillac Escalade, a 2018 BMW 7 Series sedan, her personal bank accounts and “her entertainment company.” Whatever that means. Is that what they are calling he microwave fish company?
David Beador gets the home in Corona,his construction business, a 1998 Ford Expedition, a 2008 Ford Explorer, a 2011 Land Rover Range Rover, a 2017 BMW XS, a 2018 Ford Raptor Truck, a 2018 Porsche Carrera Turbo and all household items in his possession. Why does he need six vehicles? This is literally why Earth is dying.
Their agreement to this final divorce settlement officially puts an end to their long drawn out court battles.