After years of headlines and speculation, it's officially over: Tori Spelling and Dean McDermott are divorced. But the details of their settlement—and especially the way they're handling their children's finances—are raising eyebrows. Let's dive into what's happening.
The legal ink is dry on the divorce papers, finalized in court on Thursday, marking the end of a very public marriage. According to documents obtained by TMZ, Tori Spelling retains full ownership of several of her television shows and non-scripted endeavors. This includes projects like the reboot "BH90210" and her podcast, "MisSPELLING." Of course, we can't forget "Beverly Hills, 90210," the iconic teen drama that catapulted her to fame in the '90s. It's a reminder of how far she's come and the empire she's built.
Unsurprisingly, Tori and Dean will jointly own their shared projects, such as "Tori & Dean in Love," "sTORIbook Weddings," and their various Cooking Channel specials. These projects represent a significant part of their shared history and income stream.
But here's where it gets controversial... the arrangement for their five children is quite unconventional. Instead of one parent paying child support to the other, they've agreed that each will cover the expenses of the children while they have custody. So, when the kids are with Tori, she pays for everything, and when they're with Dean, he foots the bill. Tori will also be responsible for lease payments on their daughter Stella's 2021 Ford Bronco. Joint legal custody was agreed upon, meaning that both parents will continue to share in important decisions regarding their children's lives. Is this a fair system, or could it lead to imbalances in the children's upbringing? What do you think?
And this is the part most people miss... Both Tori and Dean have waived their rights to spousal support. This means neither will receive ongoing payments from the other to maintain their standard of living after the divorce. This is a significant decision, especially considering their long marriage and intertwined careers.
Adding another layer to the financial complexities, they've agreed to split their shared debts, which reportedly amount to nearly $1 million each in taxes and credit card obligations. That's a hefty sum, and it's a stark reminder of the financial pressures that can strain a marriage.
As reported earlier this month, sources indicated that the divorce settlement was amicable and that Tori and Dean are on "friendly terms." This comes after Tori officially filed for divorce in March 2024, citing "irreconcilable differences" after separating in June 2023. Interestingly, in her initial filing, Tori requested spousal support but simultaneously asked the court to prevent Dean from receiving any. This initial request makes the final agreement to waive spousal support even more intriguing.
With the divorce finalized, both Tori and Dean are moving forward in their respective relationships. Dean went public with his girlfriend, Lily Calo, in May 2024, and Tori made her red-carpet debut with Ryan Cramer in April of the same year.
So, what are your thoughts on this divorce settlement? Is the child support arrangement fair? Do you think waiving spousal support was the right decision? Share your opinions and insights in the comments below! This is a situation that sparks debate, and we're eager to hear your perspectives.
