Our favorite Hollywood couple Reese Witherspoon and Ryan Phillippe have officially seperated. A rep for the couple released a statement to TMZ this morning stating "We are saddened to announce that Reese and Ryan have decided to formally seperate. They remain committed to their family and we ask that you please respect their privacy and the safety of their children at this time."

Reese and Ryan have been married for seven years and have two children, Ava, 7, and Deacon, 3. Sources say it Reese has contacted celebrity divorce lawyer Robert Kauffman. Rumor has it that it wasn't one event that lead to this, but instead, cumulative. Divorce papers have not been filed yet.