Hogan divorce settlement - for now
A judge has decided Linda Hogan will receive a whopping $40,000 a month from Hulk, which is tax free (alimony payments are taxed to the recipient as income, so clearly this is some type of property disburement), for living expenses while the divorce is finalized. However, it has also been ruled the couple do not have to purchase the much disputed Las Vegas condo in which they will lose the $800,000 they put down. The Hogans had previously put a contract down on the luxurious condo, at the time valued at over $4 million. However, a few months later they filed for divorce. Linda’s lawyers argued the condo should still be purchased and sold for investment reasons but Hulk’s lawyers cited the poor housing market as a reason not to buy. In the end, it looks like a minor win for Hulk in that regard.
As their divorce is finalized, the couple’s money issues are bound to get tighter as their son serves an eight month sentence in jail for his part of a car crash which left his passenger permanently disabled. The family of the victim may sue the Hogan’s son and/or family due to the circumstances involved in the case, and the financial information that is disclosed as part of the divorce will definetly be of interest to them.
One Response to “Hogan divorce settlement - for now”
By tonya williams on Aug 31, 2008
This is not clearly a property disbursement, it’s a temporary settlement. You have no idea what you are talking about. Her financial affidavit could have very well amounted to $40,000 a month and until assets are divided and tax liabilities are decided the TEMPORARY settlement could have very well be written to fund the expenses and not decide the tax implications until later. The majority of the assets may be held in her name and she might be responsible for very large expenses.