According to court documents obtained by TMZ, Sanders gave Ross his interest in the couple's $2 million Hollywood Hills home and the rest of their assets were divided between the two.
News of the settling comes two years after Sanders famously cheated on his wife with actress Kristen Stewart after directing her in Snow White and the Huntsman. The two were photographed kissing in a car months after the movie had wrapped. The pictures were published by Us Weekly in July 2012.
Sources tell TMZ that Sanders "paid [Ross] guilt money" because of the cheating scandal the two were involved in. The couple filed for divorce six months after the incident in January 2013.
Celebrity Families of 2014 [PHOTOS]