Jon and Kate spent Saturday in arbitration discussing everything from custody, child support and distribution of assets. People, Radar Online and TMZ are all reporting that Jon and Kate’s divorce will most probably be finalized by the end of they year.

TMZ is reporting that: “We’ve learned even Jon isn’t contesting that Kate should get primary custody and a decision on who gets what in the money department will be handed down within 30 days.” Sources also said that neither party asked for spousal support and Jon and Kate actually agreed to the amounts certain items were worth, but they were far apart on issues relating to how the assets should be distributed.

Both Jon and Kate testified in the hearing. Apparently the negotiations went so well that the arbitration’s scheduled second day, planned for Monday, is no longer necessary. The arbitrator is expected to rule in a month.

Jon’s attorney, Mark Heller, has stated that he had all parties sign a confidentiality agreement regarding the specifics of the final terms of divorce. Heller also commented that ” There were a couple of very emotional moments, “but in the end it all came together and concluded on a happy note.” Kate and her attorney declined to comment.

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