By Jen Heger - Breaking Celebrity News Legal Editor

Arnold Schwarzenegger is willing to give Maria Shriver a "very generous divorce settlement," much more than is required under California law, Breaking Celebrity News has exclusively learned.

Maria formally filed for divorce from the former California governor on Friday, July 1, but settlement talks between their respective lawyers have been ongoing for more than two months.

California is a Community Property state, so all assets accumulated during a marriage are split 50/50. However, Schwarzenegger is now seriously considering giving Maria more than that, we're told.

The Terminator is worth roughly around $500-750 million dollars, a source close to the situation tells Breaking Celebrity News.

"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 amo