Dean McDermott Reveals Tori Spelling's Income and Financial Details Amid Divorce Proceedings
Dean McDermott has disclosed details about Tori Spelling's income as their divorce proceedings progress. According to court documents filed in Los Angeles Superior Court, McDermott reported that Spelling's income varies from $3,000 to $75,000 per month, depending on her job. McDermott, on the other hand, has transitioned from acting to working as an alcohol and drug counselor, earning $3,800 per month. However, his monthly expenses exceed his counseling income at $3,980. McDermott also revealed that his girlfriend, Lily Calo, earns $600 per month. Additionally, McDermott has outstanding debts, including a loan with City National Bank for $200,000 that is past due, as well as credit card debts and past due payments for dental procedures.
McDermott and Spelling share custody of their son Beau, 8, along with their other children. The couple has faced financial challenges, including a lawsuit from City National Bank over an unpaid loan. The bank claimed that Spelling and McDermott had not paid off a $400,000 loan taken out in 2012, with the debt amounting to $395,729.82 due to accumulated interest. Despite the legal issues, Spelling and McDermott have not appeared in the case.
The couple's separation was announced by McDermott on Instagram in June 2023 after nearly 18 years of marriage. They emphasized their commitment to co-parenting their children and requested privacy during this challenging time. The divorce proceedings shed light on their financial situation and the challenges they are facing as they navigate this new chapter in their lives.