Kate Walsh & Ex Flip over Divorce

 

John Shearer/Wireimage

Now that their divorce is final, Kate Walsh and her ex-husband, Alex Young, will be taking an interesting approach to splitting up their shared assets. According to the official paperwork, the ownership of certain prize possessions will be determined by a simple coin flip.

"One-half of the community property furniture and artwork to be divided by alternating picks after the flip of a coin to determine who will pick first," the settlement agreement reads. 

Walsh's ex is also entitled to $627,000, plus half of all residuals his Private Practice star spouse earned while the two were married. Walsh, 42, will keep the home she and Young shared, as wll as various bank accounts and a piano.

The actress is paying a pretty penny for her short marriage to the London native, who is an executive at 20th Century Fox. The couple split in Nov. 2008, just 14 months after they said "I do," citing irreconcilable differences as the reason for their divorce.

Plus: Kate Walsh's 'Top-Secret' New Man

Would you be willing to flip a coin for assets in a divorce? Chime in below!

Chime In
Would you be willing to flip a coin for assets in a divorce?
Chime in now!
    More to Explore
    How to Divide the Assets During a Divorce - iVillage Once you've agreed to divorce and go your own ways, the ugly chore of splitting up your joint assets begins. The key is to be tough and, whatever you do, not give ... MORE
    Divorce: Financial Asset and Property Checklist - iVillage Home & Garden Decorate; Clean & Organize; Garden; Family Finance; Green; Blogs; Boards ... Divorce: Financial Asset and Property Checklist MORE
    Late-Life Divorce is on the Rise--Are you at Risk? - iVillage Forget the seven-year itch; experts say the new trend in divorce is more like a 27-year itch. Look at Al and Tipper Gore. Just ten years ago, the very public couple ... MORE
    Did TV Split Up the Masche Sextuplet Parents? - iVillage ... world -- not just their surrounding family, but TV ... Add to that the pressure of being a new parent, and the ... Hollywood's Worst Tans: Celebrities Turn Orange (PHOTOS ... MORE
    Advertisement

    'My Best Idea' Clip of the Day

    Advertisement