The Former Mrs. Kelsey Grammer to Receive $30 Million from Divorce

According to TMZ.com it is reported that Camille Grammer will be receiving $30 million from Kelsey Grammer. Sources report that Kelsey, who is now married to British former flight attendant Kayte Walsh, and Camille are close to signing a property settlement agreement. Apparently their assets in the marriage, including their 3 homes which are now on the market, are valued around $60 million. Camille is reported to receive a straight 50% of the assets.

The couple, who have two children, did not sign a pre-nuptial agreement when they wed in 1997. Their split was announced in February 2011 after 14 years of marriage. So, does Camille deserve this huge chunk of coin?

According to sources Kelsey was BROKE when the coupled married, due to some poor choices and a drug problem. It was Camille, in fact, who put Kelsey on the right track and managed his money!

What would happen if the former Mr. and Mrs. Grammer lived in Ontario? Although most people do not have 3 homes valued around $60 million dollars, it is possible to have more than one matrimonial home. In order for a property to be deemed a matrimonial home, the couple must have occupied the piece of property during the marriage and at the time of separation.

Under the Family Law Act (FLA), the matrimonial home is defined as:

"every property in which a person has an interest and that is or, if the spouses have separated, was at the time of the separation ordinarily occupied by the person and his or her spouse as their family residence".

Only married spouses can have a "matrimonial home" as defined by the FLA. Further, under the FLA, regardless of ownership, both spouses have an equal right to possession of the matrimonial home.

For example, if only one spouse legally owns the home, both parties are equally entitled to live in the home. Therefore, upon the dissolution of a marriage, one spouse cannot legally require the other to leave the matrimonial home due to the fact that he or she solely owns the home.

Further, since both parties have a right to stay in the matrimonial home, neither party can rent it, sell it or mortgage it without the other's permission.

With a cool $30 million coming her way, we can only say Cheers to Camille!

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