An order was placed in place by an L.A. County court in respect to the former couple’s pending divorce, according to fresh legal documents acquired by The Blast, defining Larsa’s rights to Scottie’s Chicago Bulls 401(k) and “savings plan trust.”
The court recognized Larsa as Scottie’s ex-wife, whom he married in 1997, in the order. The formal separation date is November 3, 2016.
So she was legally entitled to “fifty percent” of all account balances as of the plan’s valuation amount closest to the date of their divorce. In other words, she receives half of the total sum accumulated in the account from 1997 to 2016.
As if that weren’t enough, the order purports to state that Larsa is also entitled to the whole sum, regardless of how much money is currently in the account.
“To the extent that 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,” the order adds.
It should be emphasized that, unless there is a prenuptial agreement, it is typical in a California court for couples to share their separate retirements. According to reports, the famous couple had a prenuptial agreement.
For Larsa, the most important aspect of this order is that the money is to be paid in a “cash lump sum” and disbursed to her personal account “as soon as administratively possible following the approval of this order.” And…on June 16, 2023, the judge signed it.
Larsa Pippen first stated in a statement on the couple’s divorce, “After careful consideration and 19 years together, Larsa and Scottie have each filed for dissolution of their marriage.” Although they are no longer to marry, Larsa remains hopeful that she and Scottie will always do what is best for their four beautiful children and jointly raise them with love and respect, a spokeswoman stated.
She would like to thank everyone for their patience and respectfully request privacy from the media at this difficult time for her family.
Several sources claimed that Scottie and Larsa had already resolved their remaining financial concerns, but no specifics were made public.
What is apparent is that Pippen earned more than $100 million while playing for the Chicago Bulls, but he is no longer worth that much. So, how much money is in your 401K?
Larsa is presently dating Michael Jordan’s son, Marcus Jordan, not that she needs it, but if you’ve been living under a rock for a long, you should be aware. The most wealthy sports figure of all time.
Larsa, as previously said, is a star in her own right, having launched her own jewelry brand among other ventures. The ex-wife of the former NBA player addressed reports of her being a gold digger and claimed adultery in their marriage.
“People are so unconcerned with my life. I’m a fan and will never say anything bad about him. “My soul isn’t made for negativity,” she remarked on Instagram.
“I’ll take a public beating,” he adds. People accuse me of cheating when, believe me, it was not the case. He was nowhere to be found.
I sobbed for miles after he left. I would go to any length for him. People who claim I’m a gold digger are nuts. I’m not concerned with money. “I’ve had it my entire life.”
GIPHY App Key not set. Please check settings