Arnie to give wife Maria Shriver ‘generous settlement’ after divorce

Updated: Jul 06, 2011, 11:00 AM IST

Washington: Love rat Arnold Schwarzenegger is willing to give his estranged wife Maria Shriver a very ‘generous settlement’ after divorce.

According to RadarOnline.com, the actor is considering giving his wife much more than is required under California law.

Shriver formally filed for divorce from the former California governor on July 1, but settlement talks between their respective lawyers have been ongoing for more than two months.

California is a Community Property state, so all assets accumulated during a marriage are split 50/50. However, Schwarzenegger is now seriously considering giving Shriver more than that.

According to the source, the ‘Terminator’ is worth roughly around 500-750 million dollars.

"Arnold realizes he is to blame for the collapse of his marriage. Maria was a loving wife and mother, and he doesn``t think that any amount of money can minimize what he has put her through. He wants to do the right thing, and go above and beyond what is required of him under the law,” said the insider.

"This is going to be a very amicable divorce, and it won``t be played out in the media. Neither one of them wants that. Arnold hasn``t lost his mind, he is going to be giving away his fortune to her. He wants to show his children that he is taking responsibility for his actions," the insider added.

ANI