Saturday, July 2, 2011
Arnold and Maria to Split Millions
Maria Shriver has filed for divorce from her estranged husband Arnold Schwarzenegger after twenty five years of marriage.
Under California law, all earnings and other property owned during the marriage is considered joint possession. TMZ reports, Arnold is worth around $300 million while Maria is around $100 million.
Due to the length of their marriage, it would be difficult to determine each of their property before the marriage. Therefore, the current assets are treated as community property.
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.
at 3:41 PM