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05-Mar-2015 09:16

"We bifurcated, and I love it that way," Brolin said.

"I have my own money and she has her own money." The actor added that the decision was a foregone conclusion, thanks to advice from friends and business managers, plus his own previous marital experience.

The pair married in 2004 with both their children in attendance as well as his father James Brolin and step-mother Barbra Streisand.

With only 70 other guests at the ceremony, it was a fairly private affair by Hollywood standards.

Diane did not press charges against Josh and it was later declared to be an embarrassing misunderstanding.

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They had crossed paths more than once before they started dating in 2002.

Diane Lane and Josh Brolin had been in the same industry for many years, after all, and had met whilst Diane was still married to Christopher Lambert, with whom she has an adult daughter.

However, just a few months into their marriage there appeared to be trouble in paradise.

Josh was arrested on a misdemeanor charge of domestic battery when Diane called the police on him.

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James Brolin and his longtime companion Barbra Streisand have found the secret to a healthy marriage: separate bank accounts.

Brolin, who stars in CBS's new comedy "Life in Pieces," told Huff Post Live's Caroline Modarressy-Tehrani on Tuesday that the couple is better off for not mixing their finances.

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