In the summer of 2011 news broke of Arnold Schwarzenegger’s affair with his housekeeper and of the child he had with his mistress. His wife, Maria Shriver, was reportedly devastated and ashamed. As Shriver is a Kennedy and comes from a long line of women who stood by their husbands notwithstanding infidelity, the world waited to see if she would forgive Schwarzenegger. Eventually, two months after Schwarzenegger’s secret life was uncovered, Shriver instructed her attorney to file for divorce.
The former couple reportedly sorted out their financial and custody affairs quickly considering the size of their fortune, an estimated $400 million. Schwarzenegger and Shriver were married for twenty five years. Considering the substantial length of the marriage it is likely that the $400 million is all community property. Community property consists of all assets and earnings accumulated by the parties between the date of marriage and the date of separation. As divorce attorneys will advise their clients, unless a premarital or prenuptial agreement is in place all community property is divided equally between the parties. As the principles of community property are clearly set forth in the family code, Schwarzenegger and Shriver likely did not have much to argue about when it came to settlement.
Although all of the necessary issues have been resolved in the Schwarzenegger-Shriver divorce, the two are still married. A divorce is not final until a Judgment of Dissolution is entered by the court. A Judgment of Dissolution can be entered pursuant to a Marital Settlement Agreement entered into by the parties voluntarily or by court ordered pursuant to a trial on all disputed issues. Thus far, neither Schwarzenegger nor Shriver has instructed their divorce attorneys to take the final step to file their agreement with the court and have a Judgment entered. There are a few lines of speculation regarding why the couple has not made their divorce official.
It is rumored that Shriver is struggling with her Catholic faith and its prohibition on divorce. Some guess that the parties are in no hurry to finalize their paperwork because they have enough money such that remaining legally married has little to no effect on their daily lives. However, the most popular theory is that Schwarzenegger and Shriver still love each other and are hesitating to end their marriage until they are certain they won’t reconcile. Schwarzenegger has publicly expressed his regret for how he treated his wife and children in the past and was optimistic that he and Shriver would be together again. Rumors surfaced as recently as March 2012 that the parties were attending couple’s counseling together.
Please contact us if you are considering a divorce from your spouse, a legal separation, or have questions regarding child custody and visitation. Nancy J. Bickford is the only attorney in San Diego County representing clients in divorces, who is a Certified Family Law Specialist (CFLS) and who is actively licensed as a Certified Public Accountant (CPA). Don’t settle for less when determining your rights. Call 858-793-8884 in Del Mar, Carmel Valley, North County or San Diego.