The divorce proceedings between Jennifer Lopez and Ben Affleck are proving to be a complex and contentious affair, according to TMZ. The absence of a prenuptial agreement means that all assets acquired during their two-year marriage are considered community property, subject to a 50/50 split.

One of the most valuable assets at stake is Ben Affleck's production company, Artists Equity (AE), which he co-founded with Matt Damon. The company's formation occurred four months after their wedding, placing Ben's stake squarely within the realm of community property. This implies that Jennifer Lopez is entitled to a portion of the profits generated by AE's successful films, including Air, Unstoppable, The Instigators, and upcoming projects like Small Things Like These and The Accountant 2.

Conversely, Ben would have a financial claim on Jennifer Lopez's projects during their marriage, such as Atlas, This Is Me... Now, The Mother, Shotgun Wedding, and Marry Me. The couple also jointly owns a house in Beverly Hills, currently on the market with a $20 million mortgage.

TMZ, who first reported the divorce filing, revealed that the couple has been attempting to negotiate a settlement for months. However, these talks have turned increasingly bitter, with communication between the two reportedly breaking down at times.