Tom Cruise and Katie Holmes' divorce settlement leaks

Contra Costa Times, California/August 24, 2012

Katie Holmes will get child support, but no spousal support and pretty much nothing else of ex-husband Tom Cruise's estimated $250 million fortune.

Details about Cruise's settlement with Holmes leaked Friday. TMZ reported that, according to the papers, Cruise, 50, will pay Holmes, 33, a total of $4.8 million over the next 12 years, which breaks down into $400,000 per year in child support for 6-year-old daughter Suri.

The settlement also holds Cruise responsible for any expenses that Suri may incur, like health, dental and tuition costs, and prohibits Suri from attending a "residential school" of any sort -- including ones like the Sea Org Scientology school the "Mission Impossible" actor was allegedly eyeing for Suri.

So Cruise gets to keep his money and Suri gets to keep her soul. That kind of works out for everyone.

In recent months, Holmes and Suri have become New York's most photographed pair. Holmes appears to be setting up a proper New York lifestyle for them. Holmes moved into a luxury apartment at the Chelsea Mercantile building and has reportedly enrolled Suri in nearby private school Avenues for the fall.

Holmes filed for divorce June 29. The pair allegedly reached a settlement less than two weeks later. Their divorce was officially finalized Wednesday.

"We are committed to working together as parents to accomplish what is in our daughter Suri's best interests," the former couple said in a joint statement. "We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents."

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