Just over one week since Katie Holmes filed for divorce from Tom Cruise, the couple has issued a joint statement regarding the rumors and details surrounding their divorce, including the custody arrangement for their 6-year-old daughter, Suri.
"We are committed to working together as parents to accomplish what is in our daughter Suri's best interests. We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents."
Their reps confirm that the couple has reached a settlement in the divorce and sources told People that Suri will likely live with Holmes in New York.
According to TMZ, Holmes will "have what amounts to primary physical custody, but Tom has significant custodial time with his daughter."
Reports stating that Suri will have to be in the presence of a nanny and a security guard while around Cruise are false, according to TMZ, but the subject of religion, including what both Cruise and Holmes can discuss with their daughter, is restricted per their settlement agreement.
A source tells RadarOnline.com: "Under terms of the settlement, Suri isn't permitted to be exposed to anything Scientology related and this includes going to any Scientology churches, parties, etc. Katie made sure that this was ironclad in the agreement."
As for Holmes, it seems she's ready to move on with her life now that the divorce has been settled.
"This case has been settled and the agreement has been signed," Holmes' lawyer, Jonathan Wolfe, told TMZ Monday. "We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life."
Holmes cited "irreconcilable differences" in her June 29 divorce filing and asked for sole custody of Suri, which led many people to believe her split from Cruise was anything but amicable.
"This is a personal and private matter for Katie and her family," Wolfe told Peopleat the time. "Katie's primary concern remains, as it always has been, her daughter's best interest."
Cruise responded shortly after the news broke, with his rep stating, “Kate has filed for divorce and Tom is deeply saddened and is concentrating on his three children. Please allow them their privacy.”
Sources told TMZ shortly after the split announcement that Scientology was the reason for Holmes' decision to divorce Cruise, and that she feared Suri would get pulled further into the organization.
Holmes, who married Cruise in 2006, reportedly had a pre-nuptial agreement with the actor, entitling the actress to $3 million for every year she was married to Cruise, as well as their Montecito, Calif., home.
Other reports have suggested that Holmes will walk away from her marriage with little more than what she had when she said "I do."