Eric McCormack’s Ex Scores ‘Will & Grace’ Money, $10K a Month in Spousal Support in Divorce Settlement
Eric McCormack, best known for his iconic role in the hit sitcom *Will & Grace*, has recently finalized a high-profile divorce settlement with his ex-wife, Janet Holden. The agreement includes a substantial monthly spousal support payment and a share of earnings from McCormack’s projects during their marriage, including income from *Will & Grace*. This article delves into the details of their divorce settlement, the financial implications, and the division of property, shedding light on how the couple has chosen to move forward after 26 years of marriage.
Eric McCormack’s Ex Secures $10,000 Monthly Spousal Support and ‘Will & Grace’ Earnings
According to court documents obtained by People magazine, Eric McCormack is legally obligated to pay Janet Holden $10,000 per month in spousal support. This payment is described as “non-modifiable,” meaning McCormack cannot request a change to the amount until 2035. The spousal support will continue for nearly a decade, providing Holden with financial stability following their separation.
In addition to the monthly support, the divorce settlement includes an agreement to split McCormack’s earnings from any projects completed during their marriage. This period spans from August 3, 1997, the date they wed, to their separation on February 12, 2024. Notably, this includes royalties and income derived from McCormack’s work on *Will & Grace*, a show that has enjoyed enduring popularity and continues to generate revenue.
Property Division and Financial Arrangements
The divorce settlement also outlines the division of the couple’s considerable assets. Janet Holden will retain ownership of a home in Los Angeles and two condominiums. Furthermore, she has exclusive rights to use their Vancouver residence for five years unless she opts to buy out McCormack’s share or sell the property.
Eric McCormack, 62, will keep their beach house, maintaining his connection to the couple’s shared real estate portfolio. The arrangement reflects a balanced approach to asset division, allowing both parties to maintain significant properties post-divorce.
Regarding their son, Finnigan, who is 23 years old, the ex-spouses have agreed to split his expenses. They will also share the costs associated with establishing a trust fund for him, ensuring his financial security as he transitions into full adulthood.
Financially, McCormack reportedly earns an average of $92,000 per month, while Holden’s monthly income is approximately $23,000. The spousal support and shared earnings agreement take these figures into account, aiming to provide fair compensation based on their respective incomes.
A Long-Term Relationship Ends After 26 Years
Eric McCormack and Janet Holden’s relationship began in 1994 when they met on the set of the TV series *Lonesome Dove*. Holden was working as an assistant director, and McCormack played the role of Francis Clay Mosby. Their romance became public in 1995, and they married two years later.
Despite their long marriage, Holden filed for divorce in November 2023, citing “irreconcilable differences.” Interestingly, McCormack continued to wear his wedding ring after their separation, indicating a complex emotional dynamic even as they moved toward legal closure.
The couple was seen together at public events after their split, including an Oscars party in March 2024, where they appeared affectionate and supportive of one another. However, they ultimately finalized their divorce out of court in November 2025.
Understanding the Impact of Spousal Support and Earnings Division in Celebrity Divorces
The settlement between Eric McCormack and Janet Holden highlights common themes in celebrity divorces, where significant earnings and assets must be carefully divided. Spousal support payments, especially those labeled “non-modifiable,” provide long-term financial security for the lower-earning spouse but can also place a substantial financial obligation on the paying party.
In this case, the inclusion of income from *Will & Grace* and other projects completed during the marriage ensures that Holden benefits from the couple’s shared financial success. This approach reflects a fair division of marital assets, recognizing both parties’ contributions to the relationship and the accumulation of wealth.
For fans of *Will & Grace* and followers of celebrity news, this divorce settlement offers insight into how high-profile couples manage complex financial and personal issues. It also underscores the importance of legal agreements that protect both parties’ interests over time.
What This Means for Eric McCormack’s Future
With the divorce settlement finalized, Eric McCormack can focus on his career and personal life moving forward. The financial obligations outlined in the agreement will continue until at least 2035, but McCormack retains ownership of key properties and the ability to pursue new projects.
His continued involvement in entertainment, including potential future *Will & Grace* endeavors or other acting roles, will contribute to his income. However, the division of earnings from his past work ensures that Holden remains financially supported.
This settlement also sets a precedent for how long-term marriages in the entertainment industry might be handled, balancing fairness with the realities of fluctuating incomes and public scrutiny.
Conclusion
Eric McCormack’s divorce settlement with Janet Holden, including $10,000 a month in spousal support and a share of *Will & Grace* earnings, marks the end of a significant chapter in both their lives. The agreement reflects a thoughtful division of assets and financial responsibilities, providing stability for both parties as they move forward separately.
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