Gwyneth Paltrow and Chris Martin first announced their split in March 2014. Two years later, they finally have plans to sign and file their divorce settlement.

The 43-year-old actress and the Coldplay frontman only filed for divorce about a year ago, and they are now reportedly ready to make their "conscious uncoupling" legally binding. Both teams took their time getting a deal together, but recently, a judge warned that Paltrow, who was the one to file for divorce from Martin, would be issued a default judgment if they waited any longer to sign.

While it may have taken a while for the two to make plans to sign, sources have said that, in reality, the divorce was never stalled. Instead, the business people involved were just making sure everything was perfect before they had a finalized settlement. Only one additional document needs the couple's signatures before it's official.

Since Paltrow and Martin recently took their children, Moses, 9, and Apple, 11, to Peru for spring break, they had not had a chance to sign the final paper yet. The settlement should be complete sometime over the next few days, even as early as later on today.

The two will receive joint custody of their two children, and have worked out a property division together.

Paltrow and Martin have remained civil and good friends since their split for the sake of their children, and the Goop founder recently opened up about the singer and how she sees him more as family than a husband.

"We'll have a weekend all together; holidays, we're together. We're still very much a family, even though we don't have a romantic relationship. He's like my brother," she explained. "The ideal is to stay married. But if you can't stay married, wouldn't the ideal be that you could still be a family and you could put aside your own stuff long enough to explore - what is this new family and who am I in it?"

When they first announced their divorce after 10 years of marriage, they took to Paltrow's website Goop to release a joint statement titled "Conscious Uncoupling."

"It is with hearts full of sadness that we have decided to separate," the statement read. "We have been working hard for well over a year, some of it together, some of it separated, to see what might have been possible between us, and we have come to the conclusion that while we love each other very much, we will remain separate. We are, however, and always will be a family, and in many ways we are closer than we have ever been. We are parents first and foremost, to two incredibly wonderful children, and we ask for their and our space and privacy to be respected at this difficult time. We have always conducted our relationship privately, and we hope that as we consciously uncouple and coparent, we will be able to continue in the same manner."