Court documents out of Palm Beach County, Florida, obtained by TMZ on Thursday show that an order of abatement from the former couple was granted, and that there was no prenup in place when they tied the knot in May 1997.
PEOPLE has learned that the exes have resolved any major issues, and are confident they can come to a divorce settlement amicably and privately out of court.
"The Parties agree that is in the best interests of each of them individually, and more importantly collectively as a family, to resolve all issues attendant to the dissolution of their marriage in a dignified, amicable, and private manner out-of-court," reads the order of abatement, obtained by PEOPLE.
Flavin, 54, filed a petition "for dissolution of marriage and other relief" from Stallone, 76, in a Palm Beach courthouse just over a month ago, on Aug. 19.
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Stefanie Keenan/Getty Sylvester Stallone and Jennifer Flavin
In her filing, Flavin claimed "intentional dissipation" of marital assets, as PEOPLE previously reported. Under Florida law, that can include such things as excessive spending, gambling, gift-giving or unnecessary borrowing by a spouse around the time of a split.
The businesswoman/model was asking that Stallone be prohibited from selling or spending their assets during divorce proceedings, and also requesting sole use of their $35 million Palm Beach home.
Jon Kopaloff/FilmMagic Sylvester Stallone and Jennifer Flavin
The Rocky actor's legal team responded to Flavin's divorce filing Aug. 29, stating in court documents that Stallone "has not engaged in any conduct which constitutes intentional dissipation, depletion and/or waste of marital assets." He was also contesting her sole use of the house.
Following her divorce filing, Flavin told PEOPLE exclusively, "I'm sad to announce that after 25 years of marriage I have filed for divorce from my husband Sylvester Stallone. While we will no longer be married, I will always cherish the more than 30-year relationship that we shared, and I know we are both committed to our beautiful daughters."
RELATED VIDEO: Jennifer Flavin Says She'll 'Always Cherish' Sylvester Stallone Relationship After Filing for Divorce
On Monday, Stallone took a walk down memory lane on Instagram, sharing a throwback photo of himself holding hands with his estranged wife.
In addition to the snapshot of the pair, Stallone shared an old family photo of himself, his wife and their three daughters.
He captioned the post, "Wonderful ... "