The president's younger brother and his estranged wife signed an "amicable, irrevocable" mediated divorce settlement ending 23 years of marriage, Neil Bush's lawyer said.

All that remains for Neil and Sharon Bush, who have three teenage children, is for a formal divorce decree to be drafted and filed. But attorney Richard Flowers Jr. said Thursday the mediated settlement, under Texas law, effectively ended their marriage.

"The settlement agreement has been signed by both parties and their attorneys, is irrevocable and effectively concludes this matter," Flowers said in a statement.

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Neil Bush is the founder and chief executive of Ignite Inc., an Austin, Texas, software company. Sharon Bush's spokesman said earlier this week his client is formulating a book about her two decades in the Bush family.

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