Wednesday, December 16, 2009

"Three Pony Cases"

Q: What is the difference between a golf ball and an SUV?

A: Tiger Woods can drive a golf ball 300 yards.

I have more, but let's get down to the business of Tiger Woods' inevitable divorce. Here is a good interview with Ira Elegant (great name) about the potential divorce between Tiger and Elin Woods. Mr. Elegant (even greater name) is a divorce lawyer from Miami who has represented the likes of Shaquille O'Neal and Alex Rodriguez in divorce proceedings.

The interview first appeared in the Wall Street Journal Law Blog and covers several topics including premarital agreements, alimony, grounds, etc. They also talk about child support.

Mr. Elegant informs us that judges in Florida can deviate up or down from the statutory guidelines based on a number of different factors. Certainly one of those factors would be that most infants don't really need to be billionaires.

In cases involving extraordinary amounts of money, the courts are able to inquire "how much the kids really need." Any excess money then goes into a trust that vests when the children reach a certain age.

Mr. Elegant refers to these cases as “three pony cases,” under the theory that even a wealthy child doesn’t need three ponies.


1 comment:

Anonymous said...

Q: What is the difference between Santa Claus and Tiger Woods?

A: Santa can stop at three hos.