The same day Deane Sheremet filed for divorce from LeAnn Rimes Dec. 17, the two reached a confidential divorce settlement, according to Los Angeles court records.
"The [settlement] shall not be filed in this proceeding due to the parties mutual desire to maintain their respective rights to privacy," the document states.
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The two are likely dividing their cash, property and other valuables.
Their divorce is expected to be finalized June 19, 2010.
Their nearly eight-year marriage ended after Rimes had a relationship with her Lifetime movie costar Eddie Cibrian, who was wed to Brandi Glanville at the time.
Cibrian and Glanville are also divorcing.
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