Katie Holmes & Tom Cruise Reach An Out Of Court Divorce Settlement Agreement

Katie Holmes released a joint statement with estranged husband Tom Cruise regarding the dissolution of their marriage, and the actress seemed to be in high spirits when her lawyer confirmed the divorce settlement.

According to TMZ, while Katie has sole custody of Suri, Tom will still get significant custodial time with his daughter.

Evidently the agreement also includes details on what Tom and Katie are allowed to tell Suri regarding religion, including Scientology.

The restrictions are eased as Suri gets older, the website reports.

Lawyer Jonathan Wolfe said “The case has been settled and the agreement has been signed.”

The couple’s settlement negotiations involved custody, visitation, child support and the couple’s property settlement, which was covered by an iron-clad prenuptial, TMZ said.

Obviously, the agreement also includes details on what Tom and Katie are allowed to tell Suri regarding religion, including Scientology.

The restrictions are eased as Suri gets older, the website reports.

One Hollywood source said that Cruise, 50, had agreed to pay a ‘substantial’ sum to his soon-to-be third ex-wife in property, assets and child support.

A prenuptial agreement is said to have limited the amount he was obliged to pay, but sources say he would almost certainly have included a ‘goodwill’ payoff to help bring talks to a speedy conclusion.

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