A Multnomah County judge has finalized the divorce between Kaine and Terri Horman.
It took Circuit Judge Henry Kantor just 15 minutes on Tuesday, Dec. 31, to approve an agreement ending the Hormans marriage. A divorce trial was scheduled to start Thursday morning, Jan. 2, had an agreement not been reached.
Terri Horman has been the center of attention into her stepson's June 4, 2010, disappearance from a Skyline School in rural northwest Multnomah County. She is not a suspect in the case, but she was the last person to see 7-year-old Kyron Horman that morning.
As part of the agreement, their divorce has been finalized. The agreement calls for a monetary award and child support.
Brett E. Engel, a Portland attorney representing Kaine Horman, told KOIN 6 News after the hearing that the divorce was finalized. The divorce is done, Engel said. For privacy reasons were not going to get into the terms of it.
Court documents obtained by KOIN regarding Tuesdays hearing show Terri Horman will pay Kaine Horman $224 a month in child support. The agreement also allows Kaine Horman to keep the Northwest Portland home once shared by the two. Kaine will contribute $576 a year toward his and Terri Horman's daughter Kiara's health coverage. Terri Horman is ordered to carry a $100,000 life insurance policy with Kiara as the recipient.
Kaine Horman is allowed to keep his entire 401(k) savings with Intel, which is where he works. Terri Horman, however, will get 73.3 percent of Kaine Horman's Intel 401(k) retirement plan and $6,937 in Intel stock. The couple will be responsible for their own debts and attorney fees.
Kaine Horman was present at Tuesdays hearing. Terri Horman participated via phone.
Another hearing has been scheduled for Feb. 12, 2014, where it is expected attorneys will discuss custody issues surrounding their daughter. Officials with the District Attorneys Office declined to comment on the matter.
KOIN reporters Brent Weisberg and Joel Iwanaga contributed to this report.