Gwyneth Paltrow and Chris Martin are legally uncoupled.

After announcing their separation last year, the amicable exes officially filed for divorce on Monday. TMZ reported that the former couples' respective business managers have "hashed out a settlement agreement involving both property and custody," and the papers are reportedly waiting for a judge's signature. 

Paltrow and Martin have reportedly cited irreconcilable differences as the reason for the split; however the terms of their settlement are confidential. It's safe to assume that the Coldplay frontman will share custody of their two children – 10-year-old daughter Apple and nine-year-old son Moses – with Paltrow.

Now that the two are officially divorced, what's next?

People Magazine reported Paltrow and Martin will stay connected post-divorce. The two will continue to do everything from taking "family vacations to cheering the kids on at school plays and sporting events." The former couple have remained amicable and united throughout their separation, the website stated.

The two recently returned from a family trip to Mexico where the former couple were photographed happily hanging out together and spending time with their kids.

"Gwyneth and Chris had a lot of one-on-one time while the kids were off playing with their friends," an eyewitness told Us Weekly. "They seemed very comfortable and happy together. You wouldn't know by looking at them that they aren't together. They were very loving and friendly."

The pair split in March 2014 after 10 years of marriage and made the announcement, which they called "conscious uncoupling," on Paltrow's lifestyle blog Goop.

"It is with hearts full of sadness that we have decided to separate," read a joint statement from the couple. "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 co-parent, we will be able to continue in the same manner."