Watch Online Possible $400 million at stake in Arnie-Maria Shriver divorce
Kiran Pahwa on Thu, 05/19/2011 - 08:04
Washington, Arnold Schwarzenegger, Maria Shriver
Washington, May 19 : It is estimated that a whopping 400 million dollars at may be at stake in the divorce between Maria Shriver and Arnold Schwarzenegger.
Schwarzenegger was a self-made movie star and Shriver was a Kennedy, who had worked in broadcasting for many years.
According to the scant details available, the estranged couple have an estimated net worth of more than 200 million dollars with some estimates putting it closer to 400 million dollars, reports CBS News.
Regardless of what each of them brought into the marriage, they live in California, one of ten community property states.
According to the report, when a couple gets divorced in a community property state, the assets are apportioned based on very specific rules. Community property is defined as the money you earn or acquire during the marriage and is co-owned by both parties, regardless of who earned it or whose name is on the title.
The law requires that the community estate be divided equally if there is no written agreement to the contrary. But if the couple had entered into a pre-nuptial agreement prior to their marriage, the split of assets may have already been determined, which would certainly make the financial part of the process easier, the report added. (ANI)
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