After arriving in Los Angeles, California, Fraser met actress Afton Smith while attending a barbecue at Winona Ryder's house on July 4, 1993. They married on September 27, 1998, and had three sons: Griffin Arthur Fraser (born 2002), Holden Fletcher Fraser (born 2004), and Leland Francis Fraser (born 2006). After their home in Beverly Hills, California, sold in April 2007 for $3 million, Fraser's publicist announced in December 2007 that the couple had decided to divorce. In early 2013, Fraser petitioned the courts for a reduction of his alimony and child support payments, asserting that he was unable to meet the annual obligation of $900,000; Smith accused Fraser of hiding financial assets. , Fraser lives near Bedford, New York.