> At a Glance
> – A judge has signed Eric McCormack and Janet Leigh Holden McCormack‘s divorce settlement
> – Janet will receive $10,000 per month in spousal support until 2035
> – She also gets half the income from projects completed during their 26-year marriage
> – Why it matters: The settlement divides decades of shared assets and future earnings
After 26 years of marriage, actor Eric McCormack and Janet Leigh Holden McCormack have officially ended their union. Court documents obtained by News Of Los Angeles on January 6 reveal the final terms of their out-of-court settlement.
Financial Terms
The settlement requires Eric to pay Janet $10,000 monthly in non-modifiable spousal support until 2035, when he can seek modification. This amount reflects their income disparity-Janet earns approximately $23,000 monthly while Eric’s income exceeds $92,000.
Janet filed for divorce in November 2023, citing “irreconcilable differences.” The couple separated on February 12, 2024.
Property Division
The exes will equally split all “Community Property Works”-projects Eric completed during their marriage from August 3, 1997 to February 12, 2024. This includes:
- Lego Masters
- Will & Grace
- Murdoch Mysteries
- Atypical
- Law & Order: SVU
- Dead Like Me
- Just Jack and Will podcast
Janet receives 50% of residuals and royalties from these projects plus half the intellectual property rights.
Asset Distribution
Janet keeps:
- One Los Angeles home
- Two condos
- 2018 Audi Q7
- 2000 Jeep Cherokee
- 1972 Ford pickup
- 2005 Ford Escape
- Trailer
Eric retains:
- Beach house
- All income from pre-marriage and post-separation projects (Elsbeth, Still Here Hollywood podcast, Lonesome Dove: The Series)
They’ll split bank accounts, investments, airline miles, and Eric’s retirement plans. Their Vancouver home remains jointly owned, with Janet having exclusive use for five years unless she buys out Eric’s share or they sell.
Family Matters
Though they have no minor children, both parents will continue sharing expenses for their 23-year-old son Finnigan Holden McCormack, including costs to establish a trust for him.
The couple met in 1994 on the set of Lonesome Dove where Janet worked as assistant director and Eric played Col. Francis Clay Mosby. They married in 1997 and welcomed Finn in July 2002.
Key Takeaways
- The McCormacks settled divorce terms without going to trial
- Janet receives substantial monthly support and half of Eric’s marriage-era earnings
- Complex asset division includes decades of TV residuals and intellectual property
- Both parents remain committed to supporting their adult son’s future
The settlement brings closure to one of Hollywood’s longest marriages, with both parties agreeing to waive rights to appeal the decision.
