The celebrity blog TMZ reported yesterday that, Arnold Schwarzenegger’s wife Maria Shriver has cited ”irreconcilable differences” as her reason and have filed a divorce petition to end her 25years marriage to former California Governor-Arnold Schwarzenegger.

According to TMZ,

Shriver is asking for spousal support and wants the judge to deny Arnold the right to ask for support for himself– though it’s highly unlikely he would.

Shriver is asking for joint custody of their minor children, who she names in the document as 17-year-old “Patrick Arnold Shriver Schwarzenegger” and 13-year-old “Christopher Sargent Shriver Schwarzenegger.”

And, in the petition, filed by disso-queen Laura Wasser, Shriver is asking Arnold to pay the attorneys’ fees of both parties.

An issue that this divorce will raise is the division of assets. Since there is no prenup, all assets accumulated over the years of marriage will be equally divided.

Anorld is estimated as being worth $300 million and Maria $100 million. The two have been married for 25years which therefore means their assets prior to marriage will be difficult to be separated from those acquired after marriage. There is therefore a huge probability that all assets will be put together for division.

Even though there is a potential 50/50 division of assets, this is not binding if the two decides on any other reasonable share.

Image Credit: TMZ