Full Breakdown
Tori Spelling and Dean McDermott's Divorce Settlement: A Financial Overview
11/24/2025, 1:13:09 PM
Unpaid Tax Debts Revealed
The divorce settlement between Tori Spelling and Dean McDermott has unveiled over $1.7 million in unpaid federal and state taxes. According to court documents, the couple owes approximately $1.2 million to the Internal Revenue Service (IRS) and more than $500,000 to the California Franchise Tax Board. Each party will be responsible for a minimum of $600,000 of the IRS debt, with the California tax obligations split evenly between them. In addition to their tax liabilities, Spelling and McDermott face other debts, including $37,000 owed to American Express and a significant balance with City National Bank stemming from a loan that has ballooned to nearly $400,000.
Additional Financial Obligations
The financial obligations of Spelling and McDermott extend beyond taxes. Spelling is reported to owe $288,000 to a private individual, $69,000 to another unidentified individual, and $10,228 in uninsured medical expenses. McDermott's debts include $22,000 from a student loan and $20,609 in his own uninsured medical bills. The couple's financial struggles have been a point of scrutiny, particularly in the final years of their marriage.
Custody and Support Arrangements
In the divorce settlement, Spelling and McDermott were granted joint legal custody of their five children, with Spelling receiving substantially more physical custody. McDermott opted not to pursue spousal support, and both parties agreed to waive the court's right to modify their support arrangements in the future. They will cover the children's expenses while in their care and share healthcare and extracurricular costs equally.
Division of Assets
The court awarded Spelling the intellectual property rights to "BH90210," ensuring that all income streams associated with the show, including SAG-AFTRA residuals and future licensing, will go solely to her. In contrast, older projects related to "Tori & Dean" will be shared equally between the former couple.
Background of the Divorce
Spelling and McDermott announced their separation in June 2023 after 17 years of marriage, with Spelling filing for divorce in March 2024. McDermott cited "irreconcilable differences" as the reason for the split, marking July 7, 2023, as the date of separation. The couple, who first met while married to other people, have five children together: Liam (18), Stella (17), Hattie (14), Finn (13), and Beau (8).
Criticism & Opposition
While the divorce settlement outlines the financial responsibilities and custody arrangements, it has drawn attention due to the significant debts involved. Critics may question the financial management of the couple, particularly given their public personas and previous reality television success.
Verbatim Quotes
- “My acting and producing work has decreased drastically,” — Dean McDermott
- “5 in Los Angeles Superior Court obtained by Page Six, McDermott claimed that Spelling’s monthly income varies between $3,000-$75,000, “depending on the job.” — Court documents
This comprehensive overview highlights the financial implications of Tori Spelling and Dean McDermott's divorce, revealing significant debts and the arrangements made for their children amidst the separation.
