{"id":1151,"date":"2011-12-28T13:52:41","date_gmt":"2011-12-28T13:52:41","guid":{"rendered":"http:\/\/scoresbyfamilylaw.com\/blog\/?p=1151"},"modified":"2019-11-23T22:26:41","modified_gmt":"2019-11-24T05:26:41","slug":"mel-gibsons-divorce-the-gift-that-keeps-on-giving","status":"publish","type":"post","link":"https:\/\/scoresbyfamilylaw.com\/blog\/2011\/12\/28\/mel-gibsons-divorce-the-gift-that-keeps-on-giving\/","title":{"rendered":"Mel Gibson’s Divorce: The Gift that Keeps on Giving"},"content":{"rendered":"

\"\"<\/a>It seems like there’s a new celebrity divorce in the news every day.\u00a0 Today it’s Mel Gibson’s.\u00a0 He and wife, Robyn Denise Moore, are divorcing after a 31-year marriage and seven children together.\u00a0 Gibson wasn’t famous when he married Moore, and the two had no prenuptial agreement.\u00a0 Now, his $850 million fortune will be divided equally between Gibson and Moore.\u00a0 The $425 million Gibson will pay Moore is reportedly the most of any divorce in Hollywood history.<\/p>\n

The $425 million figure Moore will receive\u00a0is actually understated.\u00a0 Moore will also receive 50% of any profits Gibson’s existing films earn in the future.\u00a0 And when Moore dies, her estate \/ heirs will continue to receive these residual film profits.<\/p>\n

Is it fair for Moore to continue to share in the future profits from Gibson’s films?\u00a0 I suppose fairness is a matter of opinion, but under the law it is certainly the proper result.\u00a0 In a community property state where the divorcing spouses have no prenuptial agreement, the assets acquired during the parties’ marriage are divided substantially equally between the parties.\u00a0\u00a0 But it doesn’t stop there.\u00a0 \u00a0The “equal” division\u00a0includes assets amassed<\/em> during marriage, but it also extends to future earnings on assets created<\/em>\u00a0during marriage.<\/p>\n

In Mel Gibson’s case, the work product (films) Gibson created during the marriage\u00a0is essentially owned equally by Gibson and his wife, Robyn Moore.\u00a0 If those during-marriage creations generate income in the future, it is only right that Moore should share equally in those future earnings.\u00a0\u00a0The same principle applies to other kinds of during-marriage creations that may generate future income.\u00a0 Future royalties from a book written or a product invented\u00a0by one spouse\u00a0during marriage would also be equally divided during a divorce.<\/p>\n

In hindsight, I suppose Mel Gibson now sees he should have entered into a premarital agreement with Moore before they married.\u00a0 But at the time, who knew?\u00a0 Mel\u00a0Gibson wasn’t even on the map back then. \u00a0Moore could just as easily have been the one who became famous and earned hundreds of millions of dollars, and if that had happened, Gibson would be the one benefited now from the couple’s decision to forego a prenup.<\/p>\n

Mel Gibson’s divorce case is certainly a reminder to consider a premarital agreement before tying the knot.\u00a0 A more significant lesson from the Gibson\/Moore divorce, however, is to evaluate in every divorce case\u00a0the future income which may be generated by assets created or acquired during marriage.\u00a0 That future income potential is an additional asset which must be divided between husband and wife to arrive at a fair division in the event of divorce.<\/p>\n

Copyright \u00a9 2011 by Scoresby Family Law \u2013 J. Kyle Scoresby, P.C. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"

It seems like there’s a new celebrity divorce in the news every day.\u00a0 Today it’s […]<\/p>\n","protected":false},"author":3,"featured_media":1161,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[117],"tags":[35,74],"class_list":["post-1151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-post-decree-division-of-assets","tag-community-property","tag-prenuptial-agreements"],"yoast_head":"\nMel Gibson's Divorce: The Gift that Keeps on Giving - Arizona Divorce & Family Law Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scoresbyfamilylaw.com\/blog\/2011\/12\/28\/mel-gibsons-divorce-the-gift-that-keeps-on-giving\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mel Gibson's Divorce: The Gift that Keeps on Giving - 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