Fraser reportedly met Smith at a barbecue hosted by Winona Ryder in 1993, according to the Daily Mail. Smith is also an actor and appeared in a handful of popular films in the 1990s, including "Fried Green Tomatoes" and "Reality Bites." The two allegedly got together shortly after meeting and dated for the next five years before getting married in 1998.
Four years after their marriage, Fraser and Smith had their first child, Griffin, in 2002. The pair had two more children, Holden and Leland, in 2004 and 2006, respectively. Not long after the birth of their third child, however, the pair decided to split and announced they were divorcing in December 2007. They reached a settlement in February 2009, per The New York Post.
Despite the former couple's turbulent divorce battle, Fraser revealed in a 2018 interview with GQ that he sees his children frequently, and they often visit him at his Bedford, NY, home. Holden and Leland accompanied Fraser to the NYC premiere of "The Whale" in November 2022.