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Cleese selling 'Monty Python' memorabilia to fund divorce settlement

Recently, some celebrity divorce-related news has arisen. The news regards a divorce settlement British actor/comedian John Cleese has with his third wife. It has recently been reported that Cleese is selling some memorabilia from his TV/film work to fund this settlement.

Cleese was a member of the "Monty Python" comedy troupe and has starred in several movies and television programs.

Cleese and his third wife got divorced in 2008. In 2009, Cleese and his third wife reached a settlement regarding the financial issues related to their divorce. As part of this settlement, Cleese agreed to give his third wife $13 million in assets and cash. Cleese also agreed to make annual payments of around $1 million to his third wife up to the year 2016.

According to an article on the Huffington Post's website, Cleese is now selling some of his memorabilia in order to raise proceeds to help him make the payments he agreed to under the settlement. Included among the memorabilia Cleese is selling are props and signed photos from his "Monty Python" work. The memorabilia reportedly will be sold on a memorabilia sales website.

This matter illustrates a few points worth noting. First, it shows how financial issues (such as property division) sometimes arise in connection to a divorce.

Second, it shows how divorcing couples sometimes resolve such issues through settlements.

Finally, it shows that what resolutions are ultimately reached in regards to financial issues related to a divorce can be very impactful on all of the parties involved.

Given how impactful a divorce can be, if an individual is getting divorced, having a strong advocate on one's side can be very important.

Source: The Huffington Post, "John Cleese, 'Monty Python' Actor, Selling TV And Film Memorabilia To Defray Divorce Costs," Jan. 22, 2013

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