Cruise - Holmes Divorce Settlement Reached

 Posted on August 12, 2012 in Child Custody

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.

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.

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