Overview
- Los Angeles Superior Court entered the final divorce judgment on Nov. 13, with detailed financial disclosures surfacing in reports on Nov. 23–24.
- The judgment lists roughly $1.2 million owed to the IRS, with each spouse responsible for at least $600,000, plus more than $500,000 to the California Franchise Tax Board split evenly.
- Tori Spelling receives sole intellectual property rights and all related income for BH90210, while older Tori & Dean projects are divided 50/50.
- The court grants joint legal custody of the five children, Spelling has substantially more physical time, McDermott waives spousal support, and both parties waive future modification rights; each pays routine expenses during their own parenting time with healthcare and activities split equally.
- Other debts include about $37,000 tied to an American Express collection account and a longstanding City National Bank balance reported near $400,000, plus individual obligations such as Spelling’s $288,000 and $69,000 private debts and $10,228 in medical bills, and McDermott’s $22,000 student loan and $20,609 in medical costs.