Arnold Schwarzenegger is willing to give Maria Shriver a "very generous divorce settlement," much more than is required under California law, RadarOnline.com 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.

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Even though Arnold Schwarzenegger and Maria Shriver haven't formally filed for divorce, settlement talks have commenced, and progress is being made, RadarOnline.com is exclusively reporting.

The Kennedy family icon is actively involved with every element of her pending divorce, a source close to the situation tells us.

"Maria is extremely bright, and trusts her lawyer, Laura Wasser," the source shares. "Maria wants to ensure that she gets a fair settlement and that her children's future is secure, that is all she cares about, period.