Kelsey and Camille Grammer have reached a financial settlement.

The 57-year-old actor divorced Camille, 44, in February 2011 but has now finally reached a financial agreement with his ex-wife nearly two years after they legally separated

A source told ''Camille and Kelsey had a post-divorce conference scheduled for December 20, but it has been taken off calendar because they hashed out a settlement within the last few days.''

Their settlement is said to have been complicated because of joint financial investments made during their marriage, including purchasing properties together.

The source added: ''Even though their divorce was granted in February 2011, they had been unable to reach a financial agreement until this time. Camille and Kelsey had a very complicated settlement because of the properties they owned together and various investments.''

Since divorcing the 'Real Housewives of Beverly Hills' star, Kelsey - who is most famous for his role as Dr. Frasier Crane in the sitcoms 'Cheers' and 'Frasier' - married fourth wife Kayte Walsh and the couple welcomed daughter Faith into the world in July.

Camille and Kelsey have two children, Mason, 11, and Jude, eight, together.