Mel Gibson's Dad Officially Divorced : Teddy Got The Bank

 

 

Mel Gibson's 94-year-old father Hutton is officially divorced from his wife -- TMZ has learned -- but don't worry, she'll be just fine ... because she's LOADED.

The divorce was finalized Wednesday -- and according to the court docs, 78-year-old Teddy Joye Hicks has over $640,000 in cash and savings as separate property. And... she gets to keep the Lincoln Town Car.

Teddy Joye's fortune dwarfs Hutton's, who takes away a paltry $22,595 -- but with a son like Mel who pays his dad's bills, Hutton's still got it made.

The former couple had $22,000 in community property -- which they'll split 50/50.

Oh yeah, they also get to keep their own social security benefits -- score!

Hutton and Teddy were married in 2001 and separated last May. Hutton filed for divorce a month later -- and the split was pretty nasty. As we reported, Mel believed Teddy was trying to cut off Hutton's meds in order to accelerate his death.

Whatever she got paid, it's not enough! Congratulations to Teddy Joye Hicks for getting out of that family alive.Way to go :  HeHe & a lot of giggles .