Gwen and Gavin have struck a settlement which was just filed with the court. Sources connected with the couple tell us Gavin has agreed to a lopsided split of property in favor of Gwen.
TMZ broke the story, the couple — married for 13 years — did not have a prenup, so under the laws of California Gavin was entitled to 50% of everything acquired during the marriage. Our sources say Gavin did not press to get a big chunk of the money Gwen made from concert and record sales.
We’ve also learned the couple agreed to a 50/50 joint custody arrangement, although Gavin will end up with more than 50% custody of their 3 kids because of Gwen’s touring schedule.
And we’ve learned, Gavin is not asking for child support, even though he could have pushed for it and Gwen — who has significantly more money and earning capacity — would have been on the hook.
All that’s left is for the judge to sign-off on the settlement, which is just a formality.