Here's how Bill and Melinda Gates may split assets under Washington state law after divorce filing

According to documents first obtained by TMZ, Melinda Gates filed the petition for divorce, citing that their marriage is"irretrievably broken." She is not requesting spousal or child support. The document also states that while the couple does not have a prenuptial agreement, they do have a separation agreement.

After reading the petition for divorce and considering all the assets the couple owns, including cars, homes, land and business holdings, George believes the Gateses have been working on this agreement for a while. "All of what they're doing is very simple and straightforward because they're not putting any of it in the open court or in the file," George said."I would expect them to do it that way and if they did have a challenge or a conflict, I would expect them not to do it in court, but to do it in a private mediation."

There are usually three steps in deciding how to divide assets. First, each asset and debt is categorized as community or separate property. Second, each asset is valued. This can be done with an expert appraisal or by the couple agreeing on the value between themselves. Third, the assets and debts are divided between the parties. Washington law requires that the court's division of the property is"just and equitable.

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