Kate Walsh and her Ex Will Divide Assets by Flipping a Coin as Part of Divorce Settlement

Kate Walsh, star of the ABC television drama “Private Practice”, has reached a divorce settlement with her former husband, FOX executive Alex Young.

Under the terms of the settlement, Walsh will pay Young a one-time payment of $627,000, along with half of the money she earned from any work she did during the course of their marriage. Walsh and Young were married in September 2007 and filed for separation in November 2008.

Walsh will get to keep the couple’s house and a piano. The rest of their assets will be divided by alternating picks after flipping a coin to determine who will pick first.  If Young doesn’t pick within 10 days then all of the couple’s marital assets will remain with Walsh.

Walsh and Young’s 15-month marriage came to end when Young filed for divorce citing irreconcilable differences. Walsh also filed for divorce citing the same grounds.

Have you and your spouse decided to file for divorce? Are you interested in settling your divorce without intervention from the court? To learn more about the ways you and your spouse can avoid a contested divorce, please  contact Ellerin Hutchinson today at (904)-866-4489 to arrange a consultation with an experienced Jacksonville divorce lawyer.