Maguire and Meyer's main concern is the well-being of their 9-year-old daughter Ruby, and 7-year-old son Otis. "They’re both great parents and their main focus right now is on Ruby and Otis," the source continues. "Tobey and Jen love those kids so much and will make sure their lives don’t change overnight."
On Tuesday morning, the couple released a joint statement to ET, saying that "after much soul searching and consideration," they had decided to "separate as a couple."
Another source told ET that the two are still good friends, and are "very supportive of each other and are committed to their kids."