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After having a ring on it for over a year, Katy Perry and Russell Brand are calling it quits, and much like Laker Kobe Bryant, whos wife filed for divorce earlier this month, Katy and Russell do not have a pre nuptial agreement.

DETAILS: Katy Perry Divorce Was Over Her Religious Parents?

Back in October of 2010, just days before their wedding, Russell told fans that he wanted to keep their marriage “normal.”

“It ain’t selling the pictures, ain’t doing no prenup. It’s like a normal thing,” 

It has not yet been made clear how  their assets are to be divided, but according to According to Forbes, Perry’s net worth is $44 million — much higher than Brand’s estimated net worth at between $6.6 and $15 million.

PHOTOS: A Look Back At Katy And Russell’s Happier Times

The couple recently purchased a $6.5 million home in Los Angeles in July, which Russell may be entitled in addition to half of Katy’s assets acquired during the marriage, under California’s community property state law.

We hope the couple can come to a timely and cordial resolution and continue on their flourishing career paths.