Angelina Jolie filed for a divorce from Brad Pitt on Monday citing irreconcilable differences. The Hollywood A-listers have a fortune of around $400 million and shared real estate in Los Feliz, Santa Barbara, New Orleans and the winery Chateau Miraval in France. “The Community property presumption applies to assets and property acquired during marriage.”New York-based Steven Rabinowitz, a partner in Pryor Cashman’s Litigation, Family Law and Labor + Employment Groups, explained what happens should the stars not have pre-nup. “Generally speaking, in the absence of a pre-nup, assets acquired during a marriage are split 50-50,” he said. Sheridan advised that Jolie and Pitt should resolve the division of assets in private arbitration away from the public’s prying eyes.

Source: Fox News September 21, 2016 15:11 UTC