Eric McCormack will pay ex-wife Janet Leigh Holden $10,000 monthly plus substantial assets including Will & Grace residuals, concluding their 26-year marriage with a settlement that reveals the lasting financial ties of Hollywood partnerships.
The dissolution of Eric McCormack and Janet Leigh Holden‘s 26-year marriage has resulted in a comprehensive financial settlement that underscores the complex asset division common in long-term celebrity partnerships. The Will & Grace star’s divorce agreement includes monthly spousal support payments and division of multiple properties, retirement assets, and ongoing residuals from the iconic sitcom.
The Financial Breakdown: What Holden Receives
According to the finalized settlement, McCormack will pay Holden $10,000 per month in spousal support. The asset division favors Holden significantly, reflecting the duration of their marriage and California’s community property laws.
- A primary residence in Los Angeles
- Two additional condominiums
- Four vehicles and a trailer
- A portion of McCormack’s retirement plans
- Ongoing residuals from Will & Grace
McCormack retains one Los Angeles property, two Vespas, and full ownership of his three entertainment companies. The settlement specifically notes that assets acquired by Holden after their separation date remain hers exclusively.
From Secret Romance to Public Divorce
The couple’s relationship began discreetly on the set of Lonesome Dove in 1994, where Holden worked as an assistant director. McCormack later revealed they kept their romance secret throughout the production, only revealing their relationship at the series wrap party.
“I met my wife, Janet, in 1994 on the set of a TV series. She was the assistant director,” McCormack told The Guardian in 2007. “I was just coming out of a relationship, and not to be trusted. I’d been dating actresses, but Janet was different.”
They married in 1999 and welcomed their son Finn in 2002, building a family life that coincided with McCormack’s rise to fame through Will & Grace‘s original eight-season run.
The Divorce Timeline
Holden initiated divorce proceedings in November 2023, citing irreconcilable differences after 26 years of marriage. McCormack filed his response the following year, and the case proceeded through California’s family court system until its January 2026 conclusion.
Neither party has publicly commented on the separation or settlement details, maintaining the privacy they established throughout their relationship. The settlement includes provisions for their son Finn’s continued financial support, though specific details about custody arrangements remain confidential.
Hollywood’s Financial Realities in Divorce
The McCormack-Holden settlement illustrates several key aspects of celebrity divorces:
- Residuals as Marital Assets: Television residuals earned during marriage remain divisible property, creating ongoing financial connections.
- Business Valuation: Entertainment companies founded during marriage represent significant marital assets requiring valuation.
- Long-Term Support: Marriages exceeding ten years often result in extended or permanent spousal support in California.
The inclusion of Will & Grace residuals is particularly noteworthy given the show’s enduring popularity and syndication value. The series concluded its original run in 2006 but enjoyed a successful revival from 2017 to 2020, generating new revenue streams.
Life After Divorce
Both McCormack and Holden have maintained active professional lives throughout their separation. McCormack continues his acting career with recent television and film projects, while Holden has built a career as an assistant director on numerous productions including The Edge, Mr. Magoo, and Portraits of a Killer.
Their son Finn, now in his early twenties, has occasionally featured in McCormack’s public anecdotes about family life. The actor recalled his son’s humorous reaction to watching Will & Grace reruns: “He looked at us and he looked at the screen and he looked back and he said, ‘Are you just going to sit and watch yourself on television all day? This is appalling!'”
The settlement’s financial provisions ensure both parties maintain financial stability while allowing them to move forward independently. The agreement represents a careful balancing of California’s community property principles with the specific assets accumulated during their quarter-century together.
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