Breaking News: Tina Knowles and Richard Lawson Reach Divorce Settlement Agreement Nearly 13 Months After Filing…see more

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.

Knowles was awarded the right to keep a property in Los Angeles and a separate property in Texas, as well as “all furniture, furnishings, appliances, artwork and personal effects” at both locations.