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The high cost of Arnold Schwarzenegger's divorce

Former governor Arnold Schwarzenegger is suffering steep repercussions for his previous, and highly publicized act of infidelity. Since he did not sign a prenuptial agreement prior to his marriage to Maria Shriver, he is at risk of dividing his assets in half as a result of his divorce. In 2011, after 25 years of marriage, Shriver filed for divorce after finding out about the child Schwarzenegger had with their ex-housekeeper. However, he will also be entitled to half of his wife's wealth as well.

There are many bases to cover when it comes to divorce. Property obtained during marriage such as business assets, retirement accounts, artwork, bank accounts and more must all be divided. A divorce is already difficult enough to go through. It is even more painful to be taken advantage of during a divorce settlement and to lose what is rightfully yours. People must make sure that they seek representation from someone who will fight for the most equitable division possible.

Schwarzenegger's fortune is estimated to be approximately $400 million, so this divorce should cost him roughly $200 million. However, his soon to be ex-wife also has a successful career and accumulated wealth, to which her ex is also entitled to half. Arnold was already successful in Hollywood when he got married in 1986.

It may be shocking to some that Schwarzenegger never obtained a prenuptial agreement prior to his marriage. Although this divorce is taking place in California, residents of Missouri can relate. Obtaining quality representation is often key to ending a marriage equitably. For those who are considering marriage, this story also shows that a prenuptial agreement may be worth thinking about.

Source: 

Celeb Dirty Laundry, “Arnold Schwarzenegger’s divorce settlement: the high cost of cheating exposed,” Anna Drago, Jan. 13, 2014

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