Tori Spelling and Dean McDermott’s divorce settlement reveals $1.7 million in debt
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Tori Spelling and Dean McDermott’s divorce has revealed more than $1.7 million in debt from the former reality TV couple.
Spelling and McDermott owe more than $1.7 million in unpaid federal and state taxes, according to a final judgment filed in the former couple’s divorce. The former couple owes the IRS about $1.2 million, according to documents obtained by Fox News Digital. Each will carry at least $600,000 in debt.
Spelling and her ex-husband also owe more than $500,000 in unpaid taxes to the California Franchise Tax Board. This debt is also divided equally between the former partners.
Mr. Spelling and Mr. McDermott also owe several other debts, according to the judgment.
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Tori Spelling and Dean McDermott’s breakup revealed more than $1.7 million in unpaid federal and state taxes, according to court documents. (Amy Sussman/Getty Images/Getty Images)
Mr. Spelling and Mr. McDermott are responsible for approximately $37,000 tied to American Express collection accounts. The two still owe money to City National Bank, which filed suit in 2016.
The “Beverly Hills, 90210” star also owes $288,000 to an individual, $69,000 to another unidentified individual, and $10,228 in uninsured medical bills.
McDermott owes $22,000 in student loans and $20,609 in medical expenses for his uninsured health.
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Tori Spelling and Dean McDermott were married for nearly 20 years before their divorce was finalized. (Chris Polk/Film Magic for Us Weekly Magazine/Getty Images)
Spelling and McDermott first met on the set of “Mind Over Murder.” At the time, the two were married to different people. They eventually developed a romantic relationship and got married in 2006.
The pair spotlighted their family life on the show Tori & Dean: In Love. The show followed the couple as they started a family. Throughout their marriage, they had five children: Liam (2007), Stella (2008), Hattie (2011), Finn (2012), and Beau (2017).
Spelling and McDermott faced financial scrutiny during the final years of their marriage. The “90210” star filed for divorce in March 2024, and McDermott also filed suit a few months later. In documents filed in Los Angeles County Superior Court, the Canadian actor cited “irreconcilable differences” as the reason for his separation from Spelling, and set their separation date as July 7, 2023.
Tori Spelling and Dean McDermott met on the set of Mind Over Murder and married in 2006 after a whirlwind romance. (Elizabeth Messina/Wire Images/Getty Images)
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Tori Spelling and Dean McDermott, pictured in 2019, had five children. (David Becker/Getty Images for iHeartMedia/Getty Images)
The court issued a final judgment on the couple’s divorce on November 13, recognizing them as legally single. Spelling and McDermott were granted joint legal custody of their five children, allowing the actress to spend significantly more physical time with them.
Ms. McDermott ultimately chose not to seek spousal support, and the couple decided to waive the court’s right to modify the decision in the future. They also took different approaches to child support. Each person will be responsible for the expenses while the child is in the care of the child, and medical and extracurricular expenses will be divided equally.
The court granted Spelling full intellectual property rights to “BH90210.” All revenue streams associated with the hit show, including SAG-AFTRA balances, digital royalties, and future license fees, are vested solely in Spelling’s possession, and McDermott has no ongoing claim to these revenues.
Previous “Tori & Dean” projects were shared 50-50 between the former couple. These include “In Love/Home Sweet Hollywood,” “sTORIbook Weddings,” “Cabin Fever,” “True Tori” and “Cooking Channel Specials.”
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