In a significant development within Hollywood's elite circles, Jennifer Lopez officially initiated divorce proceedings against Ben Affleck on Tuesday, August 20, amid lingering rumors of their separation. The court filings disclosed the absence of a prenuptial agreement and revealed that Jennifer Lopez has requested to waive spousal support for both parties. This split not only marks the end of a high-profile relationship but also necessitates the division of their substantial shared assets and business endeavors.
One of the most notable assets involved in the Lopez-Affleck divorce is their Beverly Hills mansion. Listed for $68 million in July, the luxurious property was originally purchased for $60.8 million.
The division of such significant real estate holdings will be a focal point in the proceedings. According to Marilyn Chinitz, a matrimonial partner at Blank Rome LLP, who is not directly involved in the case, “They've been together for two years, and whatever they have earned during those two years is community property, which means that it will be equally divided if they earned anything,” as reported by People magazine. Chinitz also highlighted the rarity of high-net-worth individuals entering marriage without a prenuptial agreement.
“It is extremely unusual for high-wealth individuals to not have a prenup as it secures their wealth during splits,” she explained. She added, “The only time that you see people not having a prenup is when they've put most of the.