The 56 year old, who voices Patrick Star on the hit cartoon series, parted ways with Canadian singer/actress Catherine MCClenahan in 2011 and filed for a legal separation last year (12).
The request was recently granted in Los Angeles County Superior Court, where it was revealed that Fagerbakke had also entered into a property settlement agreement with his ex.
As part of the deal, the former Coach and How I Met Your Mother star has agreed to hand over half of his annual salary, estimated at $700,000 (£470,000), from their time together, while he will pay her $13,500 (£9,000) a month in spousal support.
She has also been allowed to keep the $2.4 million (£1.6 million) family house and her Lexus Suv (Sports Utility Vehicle), while Fagerbakke will retain his 2011 Mini Cooper, a 1954 Chevy and the $3,000 (£2,000) security deposit on his rental house, reports Tmz.com.
The couple wed in 1989.