For those who don’t remember, Elliot Spitzer was elected as New York Governor in 2007, but the Democrat wasn’t in office very long. He left in disgrace 2008 after reports emerged that he spent a $100,000 on prostitutes through an infamous escort service.
In spite of his cheating, Silda Wall Spitzer stood by her husband split and the couple hashed out a post-nuptial agreement in 2013. When the couple decided to divorce in February of this year
The agreement, which Radaronline got a hold of, states that Silda Spitzer will get a lump sum of $7.5 million dollars, but that is just the tip of the iceberg.
On top of the initial payout, Elliot agreed when they signed the post-nuptial agreement to ensure that Silda’s standard of living was maintained after their divorce. That means in addition to the $7.5 million payout, Silda will receive $240,000 a year maintenance from her former multi-millionaire husband. The maintenance payments will come each year until Silda re-marries or dies.
Silda gets to keep the former couple’s posh Manhattan apartment overlooking Central Park. If she can’t afford to continue living there, the divorce settlement states Elliot will help her get another place and stipulates the residence must be “of similar size, location and quality,” according to Radaronline.
Elliot will also have to pay for his ex-wife’s medical and dental insurance on top of a host other expenses he must covers.
Elliot will purchase Silda a new car “no more than every five years,” and must pay for her “entertainment and activities expenses,” housekeeper, a part-time assistant, and up to $100,000 per year to donate to the charity of her choice!
The couple will share the use of their $5 million upstate farmhouse but with a simple rule; Elliot is not allowed to have guests at the farm house that will bother or irritate the couple’s three grown daughters. He will pay an allowance and cover certain expense to two of his daughters, Sarabeth, 20, and Jenna, 18, until they turn 21. Eldest daughter Elyssa, 23, won’t get any allowance, but Elliot will have to cover all of his daughters’ college and health insurance costs.
Even though Silda stood by Elliot during the prostitution scandal, he couldn’t stop his philandering ways. Elliot and Silda announced their divorce last December after photos of Elliot sneaking into his girlfriend’s apartment.
Silda, who works at a private equity firm for a mere $112,000 a year, fared well with the divorce settlement. It was wise of the couple to have the post-nuptial agreement drafted before they got enmeshed in a nasty divorce. Silda’s settlement goes to show what a difference having a divorce attorney can have, and how much infidelity can cost a person in the in the midst of divorce.