The former couple shared eight years of marriage after exchanging vows onboard a yacht in Newport Beach, Calif., on April 12, 2015 Amy Sussman/Getty; Vivien Killilea/Getty and Richard Lawson have reached a settlement agreement in their divorce, nearly 13 months after . Knowles, 70, the mom of superstars and , filed for divorce from the actor, 77, on July 26, 2023, in the Superior Court of the State of California for the County of Los Angeles, following eight years of marriage.
The former couple, who in Newport Beach, Calif., on April 12, 2015, cited "irreconcilable differences" in a settlement obtained by PEOPLE. The document added that the "irremediable breakdown of the marriage [made] it impossible for the parties to live together as husband and wife.
" Robin L Marshall/Getty Related: While both parties waived their right to spousal support, Knowles agreed to give Lawson a one-time payment of $300,000, representing "a full and complete settlement of all interest that Respondent has acquired during marriage in the community property of the parties as well as his obligation on any and all community debts." Lawson was also awarded a 2021 Cadillac Escalade, the right to all earnings acquired since their date of separation, funds acquired by Richard Lawson Studios Inc., his SAG pension plan, royalties, creative works made during their union, and personal belongings, including clothing and jewelry.
Amy Sussman/Getty Related: Knowles was awarded the right to keep a property in Los .