The couple has been married 25 years and has no prenup.
Arnold Schwarzenegger and Maria Shriver will split around $400 million.
The official date of separation is not known, but despite Arnold's infidelity, Shriver was reportedly torn over whether to follow through with the divorce.As recently as mid-June, Arnold wasn't giving up on reconciliation.
Shriver is asking for spousal support and joint custody of their minor children, 17-year-old Patrick Arnold Shriver Schwarzenegger and 13-year-old Christopher Sargent Shriver Schwarzenegger. Their other two kids are over 18.
The division of property is yet to be determined. Because there is no prenup, under California law, all earnings and other property acquired during the marriage is considered community property, which means a 50/50 split.
Since the couple has been married for a quarter century, it's likely that all their property will be considered communal, even if Arnold's net worth is higher.
In any case, their divorce will never go to trial and will be settled out of court after what will surely be extensive negotiations on behalf of their attorneys.
The terms will also be confidential.
steve@thehollywoodgossip.com (Free Britney) 03 Jul, 2011
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Source: http://www.thehollywoodgossip.com/2011/07/maria-shriver-to-divorce-arnold-schwarzenegger/
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