David Hasselhoff, the 56-year-old actor divorced in 2006 after more than 16 years of marriage, has agreed to pay $21,000 a month to ex-wife Pamela Bach and another $4,000 to support their two daughters, 17-year-old Taylor and 15-year-old Hayley.
The couple have joint custody of the children and will also share joint ownership of their San Fernando Valley home. The two will divide their cars, bank accounts and the star's pensions from acting and directing guilds. Source
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