Arnold Schwarzenegger and Maria Shriver will split around $400 million, and legally it's supposed to be divided up 50/50, because we know there's no prenup.
TMZ broke the story Friday that Maria filed for divorce and 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.
Arnold's worth is estimated at $300 million, while Maria's is around $100 million. Since the couple has been married for a quarter century and it's probably impossible to separate what they each had before they tied the knot, it's likely the entire pot of money will be considered community property.
But here's the twist. This divorce will never go to trial. It is going to settle out of court, and nothing requires Arnold and Maria to agree on a 50/50 split. Typically in these cases, there's a lot of horse trading ... Maria gets this house, Arnold gets that one, etc.
Maria's lawyer, disso-queen Laura Wasser, and Arnold's attorney, Bob Kaufman, will be hashing out the property settlement agreement -- probably for months.
One final point. We will never know the terms of the final property settlement agreement, because it's going to be confidential. Standard operating procedure for high-profile divorces.
Reader Comments
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Glad to see this won't be a long, drawn-out messy trial. Guess it's a shame those lawyers won't be able to afford that time-share in the Poconos.
Stay Classy, San Diego
Wonder if lawyers started drooling when they first heard this story.
Ugh... my sister's a lawyer. Think I'll stop here.
Ok... quick joke: What's the worst part about 4 lawyers in a Cadillac falling off a cliff? The empty seat.
Well, at least they have money. Hopefully the money will provide them with the love, understanding, and comfort they couldn't provide each other.
"...final property settlement agreement, because it's going to be confidential. Standard operating procedure for high-profile divorces." Help me understand this, high-profile divorces are afforded confidentially, otherwise you're fked. Is that yet another California Start Struck courts or the American you get what you pay for justice?
Hundreds of Millions . . . . . Like their both young ,single, good looking and have no kids.
Their both old ,ugly divorce's , with kids all over the place . . . . And after collage educations and plastic surgery . . . . they'll have maybe a few dollars left over.
Just enough for a Dr.Pepper, a bag of Fritos, and a Hoggie.
TheHOLETruth less than a minute ago
"...final property settlement agreement, because it's going to be confidential. Standard operating procedure for high-profile divorces." Help me understand this, high-profile divorces are afforded confidentially, otherwise you're fked. Is that yet another California Start Struck courts or the American you get what you pay for justice?
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Don't be so naive young GrassHopper.
Arnold couldn't even keep his fugily housekeeper under wraps.
I doubt he's going to be able keep his divorce papers out of Harvey Levin's hands.
Ugly wife & ugly mistress cost Ahhnuld $200mil? That boy, he really stupid.
Arnold was not thinking about this when he..umm..climaxed inside the maid..whata dumb..umm..butt.
ah hell......it's only money. And we all know, money can't buy love. LOL ope! wait, I don't know know that! Money can buy love and happiness! Or at least I sure as hell wouldn't mind giving it a try.
Somehow, I don't think either the Schwarznegger or the Shriver household are going to be breaking out the Hamburger Helper -- I imagine they'll get by just fine on $200 extra large.
After 'but here's the twist' and 'One final point. We will never know the terms of the final property settlement agreement, because it's going to be confidential', A lot of the gossips RAGS, internet Blogrags, and TV Dlist trash shows YELLED 'NO!!! what is this? aren't we in America? We have our rights to find out what Maria gets, what Arnie gets. THIS IS NOT FAIR! this means we now have to go through the garbage of their homes, the court's garbage, bribe, uhm we mean pay off, uhn no we mean talk nicely to people under oath to see if we can get them to spill anything...THAT'S WORK! HARD WORK! and if that BACKBREAKING WORK FAILS, well, we will do what we do with most 'stories', make up a stor, no, we did not say that, embellish a story and see if all those idio, nice readers believ, like our story! ' Not that TMZ would ever do this. Right Harvey?
Jesus TMZ its only 50/50 if one side pushes it.. she can say give me 50 mill cash and never call me again...
