Overview
- Speaking at iHeartRadio Jingle Ball, Spelling said she is “so grateful” for the amicable arrangement with McDermott as they raise their five children — Liam, 18; Stella, 17; Hattie, 14; Finn, 13; and Beau, 8.
- She described the split as “one of the easiest divorces,” noting they still do family dinners and “do everything together,” which she says benefits their kids.
- The divorce was settled in mediation in late October and finalized in November 2025, following their 2023 separation and Spelling’s 2024 filing.
- The final judgment lists about $1.2 million owed to the IRS and more than $500,000 to the California Franchise Tax Board, with both debts to be shared equally.
- Additional liabilities include roughly $37,000 on an American Express collection account and a remaining City National Bank balance, plus individual obligations for Spelling ($288,000 to a private party, $69,000 to another, and $10,228 in medical bills) and for McDermott ($22,000 in student loans and $20,609 in medical costs), while their older kids have taken over Elf on the Shelf duties that Mom sometimes vetoes.