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Arnold Schwarzenegger & Maria Shriver Want Financial Records Sealed

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Jul. 7 2011, Updated 10:00 a.m. ET

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By Jen Heger - Radar Legal Editor

Arnold Schwarzenegger and Maria Shriver may be going through a well publicized divorce, but  the former couple want to keep things as private as possible by requesting that their financial records be sealed by the presiding judge handling the case, a source close to the situation tells RadarOnline.com exclusively.

Even though Shriver only formally filed for divorce on Friday, July 1, Maria's lawyer, Laura Wasser and Arnie's lawyer, Bob Kaufman have been working on reaching a settlement in the case for some time.

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"It's anticipated that Arnold or Maria's respective attorneys will formally file a motion to seal all financial records in the divorce case. Maria nor Arnold want their financial information released to the public,” the source says. “Arnold did have to file financial disclosure forms when he was the Governor of California, but he doesn't want details released about his net worth. Maria is fiercely protective of her financial holdings as well. Maria inherited a great deal of money after both of her parents died, and she doesn't want those details out in the public.”

As RadarOnline.com previously reported Arnold is more than willing to give his estranged wife a very generous divorce settlement and is eager to put the matter behind him and move on. "Arnold realizes he is to blame for the collapse of his marriage. Maria was a loving wife and mother, and he doesn't think that any amount of money can minimize what he has put her through,” the source says. “He wants to do the right thing, and go above and beyond what is required of him under the law.”

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