Tori Spelling and Dean McDermott’s marriage was rocked by financial troubles and infidelity but when it came to settling their divorce, they decided to put their grievances aside.
They’ve agreed to tackle their debts together including the $1.7 million they owe in back taxes that’s been hanging over their heads for several years, according to UsWeekly that claims to have seen the divorce documents.
The exes reached a settlement earlier this month on their own that put their kids first.
Spelling, 52, and McDermott, 58, agreed to waive spousal support for both parties, according to court papers filed on November 3.
The former couple also agreed to waive child support and share custody of their five children, Liam, 18, Stella, 17, Hattie, 14, Finn, 13, and Beau, 8.
When Spelling filed for divorce in March 2024, she requested sole physical custody and joint legal custody with McDermott while the Chopped Canada host requested spousal support from the actress and reality star. Both have changed their tune.
Tori and Dean’s 18-year marriage was rocked by financial troubles and infidelity but when it came to settling their divorce, they decided to put their grievances aside
The exes are dividing their assets – and debts – in an equally friendly way.
The Beverly Hills, 90210 alum gets to keep her residuals from the hugely popular show that ran from 1990 to 2000 and co-starred Shannen Doherty, Jennie Garth, Luke Perry, Jason Priestley, Brian Austin Green, Ian Ziering and Gabrielle Carteris.
She will also keep residuals from her podcast and the six books she’s written including Stori Telling, Mommywood, Spelling It Like It Is, Unchartered TerriTORI, CelebraTORI, and Presenting Tallulah.
In addition, Spelling will retain half interest in the entertainment projects the couple worked on together, and she will keep all interest in her SAG-Producers pension plan.
She will keep all bank accounts in her name and her entertainment companies, plus furniture.
Spelling has a few projects in the pipeline including a cookbook and cooking show, plus a fixer upper show and a travel series and she gets to keep all interest of those as well.
Spelling and McDermott are divvying up their large collection of vehicles. She will keep a 2016 Chevrolet Suburban and a 2021 Bronco.
McDermott will keep a 2006 Yamaha Stratoliner, a 2006 Ford Expedition and a 2017 Ford Escape.
The former couple also agreed to waive child support and share custody of their five children, Liam, 18, Stella, 17, Hattie, 14, Finn, 13, and Beau, 8 (pictured in 2023)
The exes reached a settlement earlier this month on their own that put their kids first
They’ve agreed to tackle their debts together including the $1.7 million they owe in back taxes that’s been hanging over their heads for several years
Tori said in the November 4 episode of her misSpelling podcast that their divorce was ‘amicable’ and they wanted to ‘be there for the five humans we chose to create out of love’
In addition to tackling their seven-figure tax debt, Spelling and McDermott agreed to split their $37,000 American Express bill and half of the approximately $400,000 they owe to City National Bank.
Spelling will also be responsible for paying off a $288,000 loan and the $70,000 still owed on another loan.
Both Spelling and McDermott will cover their own medical bills and credit cards in their name.
The couple were married 18 years and the relationship took an especially hard hit in 2014 when McDermott admitted to cheating on his then-wife amid reports that he had an affair with Emily Goodhand.
Their drama was played out on their reality show True Tori as they sought therapy and struggled to save their marriage.
The mom-of-five spoke of the newfound respect she and McDermott have for each other during a November 4 episode of her misSpelling podcast and said their divorce was ‘amicable.’
‘While we had our ups and downs and problems throughout our marriage, we had no problems throughout the divorce, which I think is a testament to the two of us and wanting to really step up and be there for the five humans we chose to create out of love,’ Spelling shared.
