Actress Reese Witherspoon and her husband, Jim Toth, officially divorced on Wednesday.
The “Legally Blonde” actress filed for divorce earlier this year, citing “irreconcilable differences” as the reason for the split. The couple signed a prenuptial agreement in 2011, which the couple mostly agreed to. In addition to settling the real estate deal, the two also had to work together to develop a custody plan to take care of their minor son. According to the details of their divorce agreement, they agreed to joint custody. They will provide “a loving, stable, consistent and nurturing relationship with the child even if they are divorced.”
Reese Witherspoon and Jim Toth Settle Their Divorce
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According to court documents obtained by The Blast, the former couple agreed to jointly care for their son and will not pay child support. The legal filing states that they “acknowledge and agree that neither party should pay monthly child support to the other parent, as the parties share equal parenting time and divide all expenses for the minor child equally ( 50/50).”
“Each parent contributes equally to the payment of all expenses for the minor child, including childcare expenses, private school expenses, extracurricular expenses and travel expenses,” the document said. “Furthermore, each party has substantial separate assets and more than sufficient means to independently care for the minor child while in his custody.”
As for property, all household furniture, furnishings, appliances, art and other personal items were divided to the “mutual satisfaction” of both parties. Each individual will keep clothes, jewelry and other unique things. They will keep their vehicles, hotels, airlines and credit card points.
Even if they are divorced, both parents will continue to provide “a loving, stable, consistent and nurturing relationship with the child despite their divorce.” Court documents state that “Mother and father will behave toward each other” and agree to “not speak ill of each other or other members of the parents’ family.” Additionally, according to the filing, they “will encourage each child to continue to love the other parent and be comfortable in both families.”
The Couple Announced Their Decision To Divorce In March 2023
Instagram | Reese Witherspoon
On March 24, 2023, they announced to the world that they were splitting up via a since-deleted Instagram post. The statement began, “We have some personal news to share… With great care and consideration we have made the difficult decision to divorce. We have enjoyed many wonderful years together and move forward with deep love, kindness, and mutual respect for all that we create together.”
“Our biggest priority is our son and our entire family as we navigate this next chapter,” they added. “This is never easy and very personal. We really appreciate everyone’s respect for our family’s privacy at this time.” While many were surprised that the former couple decided to call it quits just days before their 12th anniversary, a source told PEOPLE that the split was a “good decision.”
“They really are best friends and this is a good decision. They are so committed to being parents together,” shared the insider. “They’re invested in their whole family and making it as smooth as possible for everyone.”
Is Quibi the Cause of Couples Divorcing After a Decade of Marriage?
Instagram | Reese Witherspoon
According to The Sun, Jim Toth was going through a “mid-life crisis,” which caused the couple to split. “This unraveling process began at the end of 2021 when it became clear to everyone who knew them both that they were itching to live apart from each other, even as they both celebrated the huge success of the sale of Hello Sunshine to Candle Media and the hundreds of millions of dollars they got from the deal that,” the insider claimed.
“His personality, attitude and whole life changed when he got out of the agency business and decided he was tired of the crowded world and was in the service business in general,” the insider added. “Call it a midlife crisis if you want, but that’s when tattoos, big, weird jewelry, and dressing like someone half your age take over.”
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Radar Online blamed Toth’s decision to join Quibi as the reason the couple finally decided to call it quits after more than a decade. The outlet reported that Toth quit his job at CAA in 2019 to join the fledgling streaming platform, which eventually went into reverse after running into financial trouble.
The video streaming app collapsed six months after its launch, losing nearly $2 billion. The insider claims, “Leaving his position at CAA to join Quibi was a huge gamble. At the time, Reese asked Jim if the risk was worth it, but he said he was up for the challenge and felt confident he would bring home the millions.”
While a source previously told People magazine that the split was “on good terms,” another source told the publication that “The Morning Show” cast was “obviously upset and upset” by the split. “He doesn’t see himself getting divorced again,” they said, adding, “They love Tennessee, and this is their focus. They’re going to continue to co-parent well. There’s no drama.”
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Source: thtrangdai.edu.vn/en/
