Luann de Lesseps confirmed that the lawsuit filed against her over an $8 million house sale by her first husband Count Alexandre de Lesseps and their children Victoria and Noel has been dropped. The Real Housewives of New York City star confirmed the news during a recent appearance on Watch What Happens Live with Andy Cohen.
The cabaret singer revealed that “everything’s great with my kids. I’m happy.”
Luann also confirmed that the family would collectively be using the home in upstate New York, as well as the house in Sag Harbor, according to PEOPLE.
“We’ll all be using all of our houses,” she said. “All together!”
The news broke back in July when according to court documents obtained by The Blast, Luann breached a stipulation of settlement in her divorce by failing to create a trust “for the benefit of her two children.”
“This action arises from Defendant’s breach of a Stipulation of Settlement and related Judgment of Divorce by her failure to create a trust for the benefit of her children, her conversion of the trust’s corpus and her present threat to abscond with money derived from the potential sale of the trust corpus and use it to purchase, for herself alone, a luxury home in upstate New York,” the documents read.
The judgment in her divorce required Alexandre to give the deed of the former couple’s marital residence in Bridgehampton, New York, to Luann, who agreed to create a trust for her two children. Luann was also required to “fund the trust with an undivided one-half interest in and to the Marital Residence,” according to the documents.
Alexandre, Victoria and Noel allegedly claimed that Luann “never created” the trust and instead sold the residence in November 2014 for $8 million and used the earnings to purchase a home in Southampton, New York for $3.1 million, according to PEOPLE.
According to the settlement, if the marital home was sold, “the entire net proceeds of the sale may at any time prior to the termination of the Trust, be reinvested by [Luann] to purchase another residence, provided that the children shall continue to be the owners, in Trust, of an undivided one-half interest in said property.”
Luann “has never, since her purchase of the Premises, created the Trust or conveyed to her children, in Trust, an undivided one-half interest in the Premises,” according to documents.
Luann has threatened to sell her home “for more than fifty percent its present value and leave Suffolk County with the proceeds … so that she may purchase, for herself alone, a luxury home in upstate New York,” according to documents.
In September, Luann revealed to PEOPLE that she agreed not to sell her home in Sag Harbor and that “things between my kids and I are going great.”
Photo Credit: Bravo
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