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7 Shocking Financial Secrets Exposed In Tori Spelling And Dean McDermott’s Finalized Divorce

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The highly-publicized divorce between actress Tori Spelling and Canadian actor Dean McDermott has officially reached a final settlement, closing the book on their tumultuous 18-year marriage. As of December 23, 2025, court documents have revealed the full, complex terms of their separation, detailing a unique custody agreement for their five children and, most notably, exposing a staggering financial debt that has captivated Hollywood.

The settlement, signed in late 2024, marks the end of a relationship that began in scandal and ended in financial turmoil. The revelations go far beyond irreconcilable differences, painting a clear picture of the fiscal struggles the couple faced, which many speculate ultimately contributed to the breakdown of their union. Here are the most recent, crucial details surrounding the finalization of the divorce.

The Complete Biography and Divorce Timeline of Tori Spelling and Dean McDermott

The union of Victoria Davey Spelling and Dean McDermott was one of Hollywood's most scrutinized relationships, beginning with an affair while both were married to other people and unfolding over nearly two decades on reality television.

Tori Spelling (Victoria Davey Spelling)

  • Born: May 16, 1973 (Age 52 as of 2025)
  • Birthplace: Los Angeles, California
  • Parents: Aaron Spelling (Television Producer) and Candy Spelling (Author/Philanthropist)
  • Career Highlight: Portraying Donna Martin on the iconic teen drama Beverly Hills, 90210 (1990–2000).
  • Previous Marriage: Charlie Shanian (2004–2006)

Dean McDermott

  • Born: November 16, 1966 (Age 59 as of 2025)
  • Birthplace: Toronto, Ontario, Canada
  • Career Highlight: Roles in films like Open Range and starring in the reality series Tori & Dean: Home Sweet Hollywood.
  • Previous Marriage: Mary Jo Eustace (1993–2006)

The Marriage and Separation Timeline

  • 2005: Tori and Dean meet on the set of the film Mind Over Murder.
  • May 7, 2006: The couple marries in a private ceremony in Fiji.
  • 2007–2012: They welcome their first four children.
  • 2013: Dean admits to cheating, which became a central storyline on their reality show, True Tori.
  • March 2, 2017: Their fifth child, Beau Dean, is born.
  • June 17, 2023: Dean McDermott announces their separation in a since-deleted Instagram post. This date is officially listed as the Date of Separation in court documents.
  • March 2024: Tori Spelling officially files for divorce, citing irreconcilable differences. The filing was discussed on her misSPELLING podcast.
  • Late 2024: The couple reaches a comprehensive divorce settlement agreement.
  • December 2025: The settlement is awaiting a judge's final signature, with details becoming public.

The Custody Arrangement: Joint Legal and Shared Physical

One of the most pressing matters in the divorce was the custody of their five minor children: Liam Aaron (born 2007), Stella Doreen (born 2008), Hattie Margaret (born 2011), Finn Davey (born 2012), and Beau Dean (born 2017). Despite Tori initially requesting sole physical custody, the final agreement reflects a collaborative approach.

The court documents confirm that Tori Spelling and Dean McDermott have been awarded joint legal custody of all five children. Joint legal custody means they will equally share the right to make decisions regarding the children’s health, education, and welfare.

Furthermore, the settlement outlines a shared physical custody arrangement. This unusual setup, given the public nature of their split, means both parents will work together to create a schedule that allows for equal time with the children. Crucially, the final agreement states that neither party will pay child support to the other, a common provision in shared physical custody settlements where the financial burden is assumed to be split evenly.

7 Shocking Financial Revelations Exposed by the Divorce

While the custody agreement provides stability for the children, the most explosive details of the divorce settlement revolve around the couple’s dire financial situation. The documents confirm years of speculation regarding the couple’s massive debt, a situation often linked to Tori’s minimal inheritance from her late father, Aaron Spelling, and her own admitted history of overspending.

The financial revelations provide critical context to the end of their marriage and serve as a cautionary tale in celebrity finance.

  1. The $1.7 Million Tax Debt: The most significant revelation is the exposure of over $1.7 million in unpaid federal and state taxes. This massive tax debt is a shared liability that the former couple must now confront head-on, regardless of their split.
  2. Federal vs. State Breakdown: The debt is broken down into approximately $1.2 million owed in federal taxes and an additional $500,000 owed in state taxes. This seven-figure sum will heavily influence both Tori and Dean’s financial futures.
  3. No Child Support Payments: The decision for neither Dean nor Tori to pay child support is a direct reflection of their shared financial struggles. Instead of one parent making regular payments, the agreement mandates that both parents will equally bear the costs of raising their five children, including uninsured medical expenses.
  4. Tori’s Debt to Private Individuals: Beyond the government debt, Tori Spelling reportedly owes $288,000 to one private individual and an additional $69,000 to another, indicating a reliance on personal loans outside of traditional banking.
  5. Uninsured Medical Expenses: The actress also owes approximately $10,228 in uninsured medical expenses, adding to her mounting personal debt load.
  6. Credit Card and Bank Loan Debts: The documents detail various other debts, including overdue payments on a $200,000 loan with City National Bank, alongside credit card debts of $2,500 to Capital One and $12,000 to Care Credit.
  7. Dean McDermott’s Student Loan: Dean’s personal debt includes a $22,000 student loan, which is a minor fraction compared to the couple’s shared tax burden.

The Post-Divorce Landscape: New Beginnings and Financial Recovery

With the divorce finalized, both Tori and Dean are attempting to move forward. Dean McDermott has been public about his new relationship with Lily Calo, whom he has been linked to since October 2023. The relationship became Instagram official amid the final stages of his divorce, marking a clear new chapter for the Canadian actor.

For Tori Spelling, the focus remains on her five children and her career, including her increasingly popular misSPELLING podcast, where she has been candid about her life and the complexities of her separation. While the divorce provides emotional closure, the staggering $1.7 million tax debt and other financial liabilities ensure that the former couple’s fiscal entanglement will continue for the foreseeable future. The public will be watching closely to see how the former Beverly Hills, 90210 star navigates this massive financial recovery while co-parenting her five children.

tori spelling divorcing
tori spelling divorcing

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