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Musician settles divorce with ex-wife for more than $6 million

Those who are involved in the entertainment field are often envied for their opulent lifestyles. Unfortunately, when their marriages come to an end, they may struggle to work out a settlement agreement that allows them to maintain the lifestyle to which they have become accustomed. California residents may be concerned about how the state's divorce laws will impact their own settlement agreements.

Recently, a well-known guitarist announced that he and his ex-wife have finally reached an agreement after having filed for divorce in 2014. Saul Hudson, also known as simply Slash, had offered to pay his now ex-wife several million dollars months earlier in order to bring the proceedings to a close. His former wife only recently accepted the terms of the agreement and will walk away with more than $6 million dollars.

In addition to the lump sum payment, the former wife will also receive approximately $100,000 per month in spousal support payments. The rocker will also pay an estimated $39,000 in monthly child support. The couple's children will also receive approximately 1.8 percent of the musician's income until the year 2036.

In return for the concessions that Slash has made, he will retain possession of his collection of guitars, which is valued at an estimated $1.92 million. The 53-year-old rocker filed for divorce after 13 years of marriage. He had accused his wife of bigamy and delaying the divorce unnecessarily. California residents who are struggling to iron out their own settlement agreement may be best served by consulting with an attorney who can help them obtain the agreement that will meet their needs for their own unique circumstances.

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