As if splitting up is bad enough, now Ben Affleck and Jennifer Garner have to divide up their assets, accrued from 10 years of a life together.
The couple are planning on entering mediation to ease the process, and in general it feels like the divorce isn’t going to be ugly, petty or messy. So what exactly is at stake? People takes a look at the couple’s monetary worth that, when combined, range upwards of 115 million:
Forbes reported that Affleck earned roughly $35 million in 2014. While Garner’s movie paychecks are generally less whopping, she has done lucrative commercials for companies such as Neutrogena and Capital One.
Their Real Estate: The couple are still both living in a 8,800-square-foot home that they purchased from producer Brian Grazer in 2009 for $17.5 million, according to public records. Affleck also purchased a $7 million, 50-acre Southern spread in Savannah, Georgia, in 2003.
“The house they bought together while married, that would likely be considered community property,” says Los Angeles-based divorce attorney Jerry Wang (who is not involved with the couple’s split). “But if there is a home that was purchased by one of them while single, that may be his or her own, separate property, which would not be split up.”
The 10-Year Anniversary Factor: Passing the 10-year mark – which Affleck and Garner did on Monday – can change how California judges award spousal support. In a marriage considered “long-term,” judges can choose to award support for a spouse’s entire lifetime. But that’s unlikely to be a factor for Affleck and Garner, Wang notes. “You hear a lot of people saying, ‘Oh, celebrities get divorced around the 10-year mark because if they don’t, they’ll be on the hook for spousal support to each other,’ ” he says.
“Generally, the longer a couple has been together, the longer support they can get. But a lot of California courts don’t prefer to award lifetime spousal support because they feel that if one of the spouses is able to support themselves then there’s no reason to give them more,” he adds. “It’s really based on income and earnings.” And any existing prenup or decisions made in mediation could mean a judge never needs to rule about support.
Sounds like these two might not make a ton of money off of each other- though who’s gonna get that sweet Georgian manse?
Posted by: RebeccaL
Wednesday, July 1st, 2015 at 2:14pm
Filed under Ben Affleck
, Jennifer Garner