New MJ lash out forthcoming
Larsa Pippen is the proud new owner of a large chunk of money that equals half of her ex-husband
Scottie Pippen's retirement from the
Chicago Bulls.
According to new legal documents, obtained by The Blast, an order was put in place by an L.A. County court in regard to the former couple's ongoing divorce -- specifying Larsa's rights to Scottie's Chicago Bulls 401(k) and "savings plan trust."
In the order, the court recognizes Larsa as Scottie's ex-wife -- whom he married in 1997. The official
date of separation is November 3, 2016. So...she was legally awarded "Fifty Percent" of all account balances as of the plan's valuation amount closest to the date of their separation. In other words, she gets half of the amount that was accrued in the account from 1997 to 2016.
If that wasn't enough, the order appears to read that Larsa is also entitled to the full amount regardless of what is currently in the account. It states, "To the extent, there are no assets in his account sufficient to satisfy the assignment benefit on the date a separate account is established for (Larsa), the order should be interpreted as an award of 100% of (Scottie's) vested account balance
Larsa Pippen is the proud new owner of a large chunk of money that equals half of her ex-husband Scottie Pippen’s retirement from the Chicago Bulls. According to new legal documents, obtained by The Blast, an order was put in place by an L.A. County court in regard to the former couple’s ongoing...
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