Katy Perry All Smiles in Divorce Settlement with Russell Brand
Pop star Katy Perry had millions of reasons to celebrate "Last Friday Night," to quote one of her songs -- after she signed off on a divorce filing that revealed a settlement with soon-to-be ex-spouse Russell Brand.
Katy Perry is apparently so happy with the settlement, she added a smiley face to her signature on the divorce papers. (You can see Perry's signature doodle at the website Radar Online.)
Perry's Feb. 3 filing states she and Brand "have entered into a comprehensive written settlement of all issues" -- including how to split millions of dollars of the couple's community-property assets, and perhaps even their cats.
Under California law, all income and property amassed by a couple between their date of marriage and their separation is considered community property. By default, each spouse is entitled to 50% of community property upon divorce.
But divorcing couples are allowed to reach their own agreement about how to split community-property assets. This can be spelled out in a prenup, which Perry and Brand did not have, or in a settlement agreement.
Katy Perry, 27, reportedly earned $44 million during her marriage to Russell Brand -- but Brand, 36, will not get any of it in their settlement, the New York Daily News reports.
The couple also owned four properties in California, New York, and London, worth $15 million, Us Weekly reports. If any were acquired during their marriage, they'd also be community property and are likely discussed in the settlement.
And the fate of the couple's three cats may also be spelled out. It seems Katy Perry and Russell Brand each had a cat before their marriage (Perry's is named Kitty Purry, while Brand's is Morrissey), which makes them separate property -- but a third cat, Krusty, belongs to both of them, Us reports. It doesn't appear Krusty will be a sticking point, though.
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