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Reese Witherspoon and Husband Jim Toth Announce 'Difficult Decision' to Divorce After 11 Years of Marriage

Reese Witherspoon and Jim Toth said they are "moving forward with deep love, kindness" as they announced their divorce

Todd Williamson/NBC/NBCU Photo Bank via Getty Jim Toth and Reese Witherspoon in January 2020
Todd Williamson/NBC/NBCU Photo Bank via Getty Jim Toth and Reese Witherspoon in January 2020

Reese Witherspoon and Jim Toth are breaking up.

The Oscar winner, who turned 47 on Wednesday, and her talent-agent husband, 52, are ending their marriage, they announced in a joint statement on Friday, days before their 12-year wedding anniversary on Sunday.

"We have some personal news to share... It is with a great deal of care and consideration that we have made the difficult decision to divorce," they said. "We have enjoyed so many wonderful years together and are moving forward with deep love, kindness and mutual respect for everything we have created together."

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"Our biggest priority is our son and our entire family as we navigate this next chapter," they added. "These matters are never easy and are extremely personal. We truly appreciate everyone's respect for our family's privacy at this time."

A source tells PEOPLE, "They really are the best of friends and this is such an amicable decision. They are so committed to co-parenting together. They are invested in their whole family and making this as smooth as possible for everyone."

Witherspoon and Toth announced their engagement in December 2010, and they later wed in March 2011 during a laid-back ceremony on her ranch in Ojai, Calif. They share 10-year-old son Tennessee James, and Witherspoon also shares two kids with ex-husband Ryan Phillippe: daughter Ava, 23, and son Deacon, 19.

Related:Reese Witherspoon and Jim Toth's Relationship Timeline

Kevin Mazur/VF20/WireImage Reese Witherspoon and Jim Toth in February 2020
Kevin Mazur/VF20/WireImage Reese Witherspoon and Jim Toth in February 2020