“"This is a personal and private matter for Katie and her family," Holmes's attorney Jonathan Wolfe told People. "Katie's primary concern remains, as it always has been, her daughter's best interest."
Cruise's rep tells PEOPLE: "Kate has filed for divorce and Tom is deeply saddened and is concentrating on his three children. Please allow them their privacy."
Presumably the couple are residents of California which is a community property state. This means all income earned during the marriage is presumed to be community property and will be split 50/50 under the dissolution of the marriage. Not that I have any love for Tom Cruise whom I consider rather creepy, but I do wonder whether he had Katie Holmes sign a pre-nup agreement before jetting off to that Italian castle for their Scientology wedding. If not, not only is he creepy but he is dumb.