Madonna and director Guy Ritchie has reached a divorce settlement to be presented in the court tomorrow.

Today, the case was heard before a judge in the High Court’s Family Division. Both Madonna and Richie attended the court. According to Daily Telegraph, Ritchie will not accept a cent of Madonna’s money, but insisted on sharing custody of their two sons, David (3) and Rocco (8), splitting their time between London and New York.

Madonna with an asset of $450 million and Ritchie with only $30 million announced their separation last month. The two has been married for 8 years. According to some reports, the reason for the split was Madonna’s plans to adopt another child and spend more time in New York. But other reports are saying that Madonna may be interested in a certain Yankee player.

I guess this set-up won’t be too hard on their kids. They’ve been going back and forth London and New York for years and the kids are used to being accompanied by only one parent every time. Check out the family’s pictures throughout the years…