In a move no one saw coming, rocker couple Gwen Stefani and Gavin Rossdale have split. According to TMZ, the No Doubt leading lady filed paper work to divorce her husband of 13 years citing the good ole’ “irreconcilable differences.”
Gwen is seeking joint custody of their three children: 9-year-old Kingston, 6-year-old Zuma and 1-year-old Apollo. She also checked a box within her filing that would deny Gavin the right to spousal support. In response, Gavin filed a court petition also asking for joint custody.
The couple released a statement regarding their split:
While the two of us have come to the mutual decision that we will no longer be partners in marriage, we remain partners in parenthood and are committed to jointly raising our three sons in a happy and healthy environment. To that end, we respectfully request privacy from the media during this time.
Sources claim the couple does NOT have a prenuptial agreement so by California community property laws, they will be forced to split everything 50/50.
If you’re wondering, here’s the definition for community property and an explanation for how the assets are divided.
California law defines community property as any asset acquired or income earned by a married person while living with a spouse. Separate property is defined as anything acquired by a spouse before the marriage, during the marriage by gift, devise, or bequest, and after the parties separate. The law requires that the community estate be divided equally if there is no written agreement requiring a particular division of property. This means that from the total fair market value of the community assets, the joint obligations of the parties are subtracted, yielding the net community estate. Unless agreed otherwise, each spouse must receive half of the net community estate.
All that the law requires is that the net value of the assets received by each spouse must be equal.
So how much money is at stake? Stefani is worth a reported $80 million and Rossdale is worth an estimated $35 million.
While I’m curious to know what went wrong between the couple, Gwen and Gavin are notoriously tight-lipped when it comes to their personal life. Stay tuned…