Dean McDermott, the husband of Tori Spelling, has recently made claims in a new divorce filing that Tori Spelling earns between $3,000 to $75,000 per month. This new information sheds light on the couple’s financial situation as they navigate their divorce proceedings. In addition to revealing Spelling’s income, McDermott disclosed that his own monthly income falls short of covering his expenses, stating that he is currently in debt to the tune of $215,700.
The couple, who have been married for 18 years and have five children together, are in the midst of a divorce that has attracted public attention due to their celebrity status. McDermott, aged 58, submitted documents detailing his income and expenses, indicating that he earns around $3,800 per month from his rehabilitation center, Conscious Community & Vanity Recovery. On the other hand, he claimed a $0 income from his acting and producing roles which have reportedly decreased significantly over the past year due to industry changes and strikes.
In his filing, McDermott outlined his debts, including three overdue payments on a $200,000 loan with City National Bank, as well as credit card debts amounting to $2,500 to Capital One and $12,000 to Care Credit. Furthermore, there is an outstanding balance of $1,200 for dental work. McDermott claimed that his girlfriend, Lily Calo, who lives with him, has a monthly income of $600 but does not contribute to their total monthly expenses of $3,980. The documents also revealed that Spelling has custody of their four minor children 90% of the time, with McDermott having custodial time with their youngest son, Beau, on specified weekends.
This financial disclosure comes in the context of previous legal troubles faced by the couple. In 2024, Spelling and McDermott were sued by City National Bank for $400,000 over an unpaid 12-year-old bank loan. Subsequently, the bank filed a second writ of execution against them to enforce a previous judgment after they allegedly defaulted on the loan. This legal action followed a tax lien of $259,108.23 imposed on the couple by the state of California in 2016 for unpaid taxes.
Spelling, a former star of ‘Beverly Hills, 90210’, filed for divorce from McDermott in March 2024, marking the end of their long-standing marriage. Despite the divorce, Spelling has mentioned that the couple remains amicable, focusing on co-parenting their children and maintaining a supportive relationship. This recent financial revelation by McDermott provides insight into the complexities surrounding their separation and the financial challenges they are facing.
As the public follows the developments in Spelling and McDermott’s divorce proceedings, the details emerging from the recent court filings offer a glimpse into the couple’s financial situation. With McDermott’s claims of Spelling’s monthly income and his own debts, the divorce case continues to unfold against a backdrop of past legal issues and financial woes. Their story serves as a reminder of the complexities that can arise in high-profile divorces and the impact on both parties involved, including their children.