Property division is a major part of the divorce process for some people, especially those involved in high-asset divorces. Despite this, many people can still have an amicable high-asset divorce. Katy Perry and Russell Brand married in October 2010 and have recently decided to divorce. They originally separated in December, but neither party filed divorce papers. Brand filed divorce papers in the first week of February 2012.

Perry has an earned fortune of $44 million. The famous couple did not have a prenuptial agreement, and should they have decided to have a contested divorce, property division could have left each of them with considerably less. True to his word in a public statement, Brand refused to take his share of Perry's earnings. The couple also owns four properties located in London, New York and California. The properties are estimated to be worth about $15 million collectively.

Perry and Brand, both 27 years old, filed the uncontested divorce papers that showed that they reached a settlement out of court. A source for TMZ said the divorce "is as amicable as it gets, and Russell was a mensch." It was not mentioned what Brand settled for in the divorce papers.

Documents related to the divorce that were obtained by RadarOnline.com showed that Perry and Brand settled all matters, including who gets which properties. Perry is only asking that her maiden name be restored to Katheryn Elizabeth Hudson. The source did not elaborate on which party received which property or properties, nor did it elaborate any other assets the couple may have owned or listed on their financial affidavits.

Source: Daily News, "Katy Perry, Russell Brand reach amicable divorce settlement: Comedian walks away from $20M payout," Joyce Chen, Feb. 9, 2012