Dennis And Kimberly Quaid Reach Huge Divorce Settlement

Dennis Quaid and Kimberly Quaid have finalized their divorce, bringing an end to a marriage that lasted more than a decade and produced two children. The former couple reached a settlement that covers custody, child support, spousal support, property division, vehicles, real estate, and residual income from Dennis Quaid's acting career.

The most important part of the agreement concerns the couple's 10-year-old twins, Thomas Boone and Zoe Grace. Under the terms of the settlement, Kimberly will have the larger share of custody, with a 75/25 split in her favor. Dennis will pay $13,750 per month in child support. That amount could increase in years when his income rises above roughly $1.3 million, giving Kimberly additional support tied to his higher-earning years.

The settlement also includes a significant spousal support payment. Dennis agreed to pay Kimberly a lump sum of $2 million, plus an additional $1 million to equalize the division of property. On the vehicle side, Kimberly will keep her 2014 Mercedes. Dennis will keep a 2007 Land Rover, a 2012 Mercedes, and a 2013 Honda.

The former couple also divided their real estate interests. Dennis will keep their Austin property, while the two will split the proceeds from the sale of their family home. The agreement also addresses one of the more complicated issues in any divorce involving a working actor: residuals. Dennis will keep all residual income from film and television work he completed before the marriage. Residuals from projects made during the marriage will be split 50/50.

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Dennis and Kimberly married in 2004. Their divorce was not a sudden split. Kimberly first filed for divorce in 2012, but later withdrew the petition. The couple reconciled for a time before Kimberly filed for legal separation in 2016. At the time, the two issued a joint statement saying they had decided to end their 12-year marriage "amicably and with mutual respect toward one another" and would remain devoted partners in raising their children.

Their family had previously been at the center of a major medical scare. In 2008, Dennis and Kimberly sued Cedars-Sinai Medical Center after their twins were accidentally given a massive overdose of the blood thinner heparin shortly after birth. The infants survived, and the case was eventually settled.

The finalized divorce settlement closes one of the more public chapters in Quaid's personal life. Between the seven-figure spousal payment, the monthly child support obligation, the custody arrangement, the division of property, and the splitting of post-marriage residuals, the agreement reflects both the length of the marriage and the complexity of dividing assets connected to a long-running Hollywood career.