Jelly Roll’s $20 million fortune could be at stake after he filed for divorce from his wife of nearly 10 years, Bunnie Xo.
“Both parties have possible exposure when it comes to the division of assets,” divorce attorney Isaiah Vallejo-Juste, who does not represent either party, exclusively told Page Six. “However, the extent of the exposure will be determined by whether the assets they own are marital assets and subject to distribution.”
According to the divorce docs, Jelly Roll hopes to reach an agreement over the division of their marital assets and debts — though it’s unclear if they have a prenuptial agreement in place.
“If the parties are going to come to an agreement, then they need to do so together,” the partner at RVJ explained. “If there is disagreement as to how to divide things, then yes, the divorce can get messy, but it is counsel’s job to clean up the mess and get it done.”
When asked whether Bunnie Xo’s role in helping build her husband’s music career during their marriage could factor into a financial settlement, Vallejo-Juste replied, “Yes, it can.”
“If there is a prenuptial agreement, the court might be guided by that. However, a court can consider a broad variety of factors in determining the proper classification of property,” the legal eagle said.
“Generally speaking, property acquired during the marriage may be considered marital and subject to distribution,” Vallejo-Juste continued. “That does not necessarily mean that the property will be divided 50/50, and these issues could be subject to substantial litigation between the parties in the event there is a disagreement.”
It is for this reason, the lawyer said, that a prenuptial agreement is usually recommended for parties such as these. Without a prenup, royalties, intellectual property, publishing rights and other similar assets could be considered marital property.
“That property may be subject to valuation, and then it would take experienced divorce counsel working together with the artist’s other attorneys and accountants to fashion a creative settlement proposal that would resolve the matter in an advantageous way to the client,” Vallejo-Juste said.
The “Wild Ones” singer, 41, has a reported net worth of $20 million, while Bunnie, 46, is estimated to be worth around $7 million.
The country music star, born Jason Bradley DeFord, filed for divorce from the “Dumb Blonde” podcast host on May 18, Page Six confirmed Tuesday.
According to the divorce docs, they officially separated on May 8.
The estranged couple got married in August 2016 — a year after meeting at one of Jelly Roll’s Las Vegas shows.
Just two years into their marriage, the pair split up after Jelly Roll cheated on Bunnie. However, they found their way back together and would often discuss their marriage ups and downs on Bunnie’s podcast.
Jelly Roll, who is on a weight loss journey and is a recovering addict, has two kids from previous relationships: daughter Bailee Ann, 18, and son Noah Buddy, 9.
Prior to separating, the former sex worker and Jelly had been trying to have a baby together via IVF.