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Eliot Spitzer, wife agree to divorce settlement

Married life is difficult. Couples in Mississippi must come to some sort of agreement, or peaceful coexistence, over finances, children and professions, among other issues. The normal struggles of married life seem to be magnified for couples who live in the public eye, especially when that transparency leads to allegations that one's husband was involved in a prostitution ring. Although Silda Spitzer initially stood by her husband after such allegations, the couple ultimately decided to divorce.

The couple had been married since 1987 and have three daughters together. They filed for divorce in January, after approximately 27 years of marriage. Recently, they came to a settlement.

Thanks in part to a postnuptial agreement, Silda will receive $7.5 million. She will also retain the martial home. Additionally, Eliot will provide for certain expenses, such as a housekeeper and for her health insurance. She will receive $100,000 a year for a charity of her choice and receive $240,000 a year until she remarries or passes away.

While a divorce will never be completely painless for couples in Mississippi or elsewhere, there are measures that can ease the process. For example, having a prenuptial agreement in place can significantly reduce the cost and time of a divorce. If one's circumstances significantly change after the marriage, a postnuptial agreement -- like the one it appears the Spitzers had -- may also be a viable option. While it may be difficult for a happy couple to think about the end of their relationship, planning for the future could ultimately have significant financial and emotional benefits.

Source: The Huffington Post, "Eliot Spitzer To Pay Ex-Wife Silda Millions In Divorce Settlement", Brittany Wong, April 28, 2014

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