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

The Oscar champ, who turned 47 on Wednesday, and her headhunter spouse, 52, are finishing their marriage,

"We have an individual news to share... It is with a lot of care and thought that we have settled on the hard decision to separate," they said.

"We have partaken in such countless superb years together and are pushing ahead with profound love, thoughtfulness and common regard for all that we have made together."

"Our greatest need is our child and our whole family as we explore this next part," they added.

"These issues are rarely simple and are very private. We genuinely value everybody's regard for our family's security right now."

A source tells Individuals, "They truly are awesome of companions and this is a particularly neighborly choice.

They are so dedicated to co-nurturing together. They are put resources into their entire family and making this as smooth as feasible for everybody."

Witherspoon and Toth declared their commitment to December 2010, and they later marry in Walk 2011 during a laid-back function on her farm in Ojai, Calif.

They share 10-year-old child Tennessee James, and Witherspoon additionally shares two children with ex Ryan Phillippe: girl Ava, 23, and child Elder, 19.

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In July, the Big Little Lies actress shared photos of herself with Toth in honor of his birthday. She wrote in the Instagram caption,

"Happy birthday to my sweet hubby, JT! Don't know anyone who loves Tour de France / road

biking / @arsenal / @nashvillesc / @steelers .... oh and GOLF ... basically all sports more than YOU. Love you so much!"