In February of 1997, Ray married actress and producer Michelle Grace. The two of them share a daughter, Karsen Liotta, who was born in December of 1998. Ray and Michelle divorced in 2004. Karsen, now 23 years old, has followed in her parents’ footsteps and entered the film industry as an actress herself. She appeared in Hubie Halloween and had a recurring role in Shades of Blue.

On June 9, 2022, Karsen took to Instagram to share a sweet tribute to her late father. Alongside a photo of Ray holding her as a child, Karsen wrote, "Those who knew him, loved him. You are the best Dad anyone could ask for. I love you. Thank you for everything."

Ray’s fiancée, Jacy Nittolo, shared news of the couple’s engagement by posting an announcement picture on Instagram on Christmas Day in 2020. Both Jacy’s and Ray’s public-facing social media accounts are filled with images of the two of them happily spending time together.

TMZ reported that Jacy was with Ray in the Dominican Republic at the time of his death. Our thoughts are with his family, loved ones, and fans around the world.