Larry King Divorce -- On the Other Hand ...

There is a "good chance" the Larry King divorce is off ... this according to sources on both sides. And, if it's off, it will save Larry a fortune.

Larry and wife Shawn Southwick are going to their marriage counselor this afternoon, sources tell TMZ.

We're told Larry is especially concerned about how a divorce would affect his two young children.

People familiar with the agreement tell TMZ that although Larry and Shawn are trying to work things out, we're told the lawyers have been at it. They are arguing over the validity of the post-nup that Larry signed a few years back -- a post-nup that not only gives the couple's three homes to Shawn but also declares all of the couple's assets as community property.