Details of Jack Osbourne’s divorce agreement

Celebrity divorces are always of interest to the general public, and Jack Osbourne’s divorce is no different. In 2002 viewers all over Texas started tuning into “The Osbournes” reality show to watch as the very unique family of Black Sabbath frontman and rock legend Ozzy Osbourne stumbled through their day-to-day lives. In the years following the show’s completion, Ozzy’s son, Jack, appeared in various other television shows before marrying Lisa Stelly in 2012. The couple had three children together before announcing their separation last year. Now their divorce has been completed and the terms of the divorce agreement have been revealed.

The parents have stated that staying close friends and co-parenting is a top priority for them. They reached a custody agreement in which the two share joint custody of their 6-year-old, 3-year-old and 1-year-old daughters. They added rules about the children into the agreement such as no tattoos, piercings, dangerous activities, or trips to a shooting range without both parents’ consent. They also added stipulations about the children’s exposure to new love interests.

Osbourne agreed to pay his ex-wife $1 million. There was a requirement that $300,000 of that was to be used toward the purchase of a home. Additionally, he will pay $7,000 per month in child support and will continue to pay the lease payments on her SUV.

Osbourne was able to keep two vehicles as well as an expensive artwork collection. The collection is valued at nearly $350,000. He also was able to keep their multi-million dollar home in Studio City.

Although the divorce agreements of celebrities usually involve higher numbers and larger amounts, the basic components of their arrangements are the same as those of most Texas couples. While it is a desirable goal to stay on good terms and work together on reaching a suitable settlement, it is imperative that both parties seek legal representation. An experienced divorce attorney will ensure the client is aware of his or her rights, work toward the most positive settlement for the client and actually increase the likeliness of an amicable separation by eliminating a lot of the stress and miscommunications that otherwise arise.