No Prenup for Witherspoon, Phillippe

Another celebrity couple will once again have to maneuver through divorce proceedings without the benefit of a prenup.

Oscar winner Reese Witherspoon and husband Ryan Phillippe, who announced Monday (Oct. 30) that they're splitting, did not sign a prenuptial agreement when they married seven years ago, reports This means that under California law, the couple should divide their earnings equally.

If this is the case, Phillippe looks to benefit financially from the breakup. He makes a decent $2.5 million per film, but that's nothing compared to Witherspoon's paycheck of upwards of $20 million per film. The celebrity gossip site claims that sources close to the couple don't expect the breakup to get ugly because of the couple's personalities and attitude regarding their children.

Although no reason was given for their split, the buzz is that Phillippe, 32, had an illicit relationship with his 24-year-old "Stop Loss" co-star Abbie Cornish, whose rep denies the affair. Neither Witherspoon nor Phillippe have commented on the rumor, and there has been no talk of a reconciliation.

Witherspoon, 30, and Phillippe married in June 1999 after co-starring in "Cruel Intentions." They have two children: Ava, 7, and Deacon, 3.

Witherspoon won an Oscar in March for "Walk the Line," while her husband co-starred in the ensemble drama "Crash," which won best picture that same night. He currently can be seen in Clint Eastwood's "Flags of Our Fathers."

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