Gwen Stefani and Gavin Rossdale Reach Divorce Settlement — Gavin Gets Less Than 50 Percent

Gwen Stefani and Gavin Rossdale have reached a settlement in their divorce proceedings.

Gwen Stefani and Gavin Rossdale Gwen Stefani and Gavin Rossdale have settled their divorce. [Photo by Alberto E. Rodriguez]Gossip Cop reports that Gwen and Gavin have made an agreement on how their property and custody of their children will be shared. The two singers will have joint custody of their children, Kingston, Zuma, and Apollo. However, because of Stefani’s work commitments — including judging The Voice and going on tour — Rossdale will have their children for more than 50 percent of the time.

Gavin and Gwen did not sign a pre-nuptial agreement when they got married. However, California law dictates that each party gets one half of the collective property when a couple divorces. However, TMZ reports that Gavin Rossdale has agreed to take less than 50 percent of their property in order to facilitate a speedy resolution of divorce proceedings. Gwen Stefani has amassed a sizable fortune during her many years in the music business and via her clothing line, L.A.M.B. Stefani is reportedly worth 80 million dollars while Gavin Rossdale is worth 35 million dollars.

In August of this year, Gwen Stefani filed for divorce after 13 years of marriage to Rossdale.

“While the two of us have come to the mutual decision that we will no longer be partners in marriage, we remain partners in parenthood and are committed to jointly raising our three sons in a happy and healthy environment,” Stefani and Rossdale said via a joint statement.

Gwen Stefani and Gavin Rossdale were considered a dream couple in the 1990s and their split came as a surprise to many of their fans.

Us Weekly reports that a source close to the couple has said that the divorce was many months in the making.

“It only looks sudden, but everything was worked out months ago so paperwork could be filed and the marriage could be ended quickly and easily,” the source said. “Things were rocky before [the birth of Apollo], but they tried to make the marriage work. But it just couldn’t. A lot of the feeling was gone.”

Gwen Stefani and Gavin Rossdale cited “irreconcilable differences” as the reason for their divorce. The Bush frontman and No Doubt frontwoman were recently seen on a family outing at the Balboa Fun Zone in Newport Beach, California.

Gwen Stefani on stage. Photo by Christopher Polk/Getty Images Gwen Stefani on stage. [Photo by Christopher Polk/Getty Images]Since the announcement of her divorce Gwen has released a new song called, “Used To Love You.” The lyrics of the song are emotional and seem to be a reflection of how she’s coping with her separation from Rossdale.