Background of the Divorce Settlement

Jodie Turner-Smith and Joshua Jackson's divorce marks a significant chapter in their lives as they navigate post-marital responsibilities. After filing for divorce in October 2023, the pair settled their differences regarding spousal support, property division, and child custody arrangements for their daughter, Juno.

The settlement dictates that both stars will waive spousal support, simplifying financial matters as they focus on co-parenting their 5-year-old. Jackson will contribute monthly child support payments and they will equally share additional expenses, highlighting their commitment to collaborative parenting.

In the settlement, Turner-Smith retains all her pre-marital and post-separation earnings, alongside her business and personal belongings. Similarly, Jackson also keeps his earnings and intellectual property, ensuring both parties maintain their financial independence after the divorce.

While much is settled, the couple is still determining a long-term child custody plan. They currently share joint legal and physical custody of Juno, emphasizing their cooperative approach to parenting as they work towards a comprehensive parenting agreement.

Spousal Support and Financial Agreements

In an amicable settlement following their split, Jodie Turner-Smith and Joshua Jackson mutually waived any expectations for spousal support or alimony. This decision reflects their desire to maintain an equitable separation, allowing both actors to keep earnings and assets they accrued individually.

Financial obligations related to their 5-year-old daughter, Juno, have been outlined in their agreement. Jackson is to contribute $2,787 monthly until Juno graduates high school or turns 19, ensuring financial stability for their child’s future needs.

Both Turner-Smith and Jackson will retain their personal possessions and professional earnings. Turner-Smith will keep her jewelry, clothing, and art, while Jackson retains his property and business interests, marking a fair distribution of their shared and individual assets during their marriage.

Although spousal support is waived and assets divided, Turner-Smith and Jackson continue to negotiate a comprehensive parenting plan. For now, they've established temporary joint legal and physical custody, focusing on providing a balanced upbringing for Juno amidst their new circumstances.

Property Division and Asset Distribution

Jodie Turner-Smith and Joshua Jackson have come to a comprehensive agreement on the division of their assets following their divorce. As part of their settlement, both parties will retain their earnings, collections, and assets acquired before, during, and after their marriage.

Turner-Smith will maintain all earnings from her career, alongside personal belongings such as clothing, jewelry, and electronics. She will also keep rights to her business, Sacred Crow, and financial accounts, including retirement plans and residuals linked to her acting and modeling work.

Meanwhile, Jackson will keep all his accumulated wealth, which includes his Los Angeles property and several business entities. The actor will also retain ownership of his vehicles, credit cards, and professional equipment. Income from his films and any insurance proceeds related to wildfire damages are his as well.

All joint accounts between the former couple will be equally divided and closed. Additionally, Jackson made an equalization payment of $133,333 to Turner-Smith earlier this year, reinforcing their commitment to settle their financial matters amicably.

Child Custody and Future Arrangements

Following their divorce settlement, Jodie Turner-Smith and Joshua Jackson are navigating the complexities of child custody for their 5-year-old daughter, Juno. While they have agreed to a temporary joint legal and physical custody arrangement, specific plans for long-term custody are still under discussion. This arrangement allows both parents equal timeshare while working toward a comprehensive parenting plan.

In the interim, both Turner-Smith and Jackson will adhere to existing temporary custody orders, which ensure Juno receives balanced time with each parent. They aim to finalize a detailed parenting plan soon, emphasizing their commitment to co-parenting in the best interest of their daughter.

As part of their settlement, Jodie and Joshua will share educational and health-related expenses for Juno. This includes costs associated with private schooling, tutoring, and extracurricular activities. Their mutual agreement reflects a spirit of cooperation as they focus on Juno's well-being amid their separation.

Turner-Smith and Jackson are prioritizing stability for Juno during this transitional phase. Both parents recognize the significance of maintaining a harmonious environment for their daughter as they navigate this new chapter in their lives, showcasing their dedication to co-parenting effectively.