Jessica Alba and her ex-husband Cash Warren are officially divorced!

The 44-year-old actress and the 47-year-old producer were revealed to have separated early last year, and a month later she had filed paperwork to get divorced.

TMZ is now reporting that after a year, and 16 years of marriage, their split has been finalized and details are being revealed.

Keep reading to find out more…

The former couple will share custody of their three children – Honor, 17, Haven, 14, and Hayes, 7 – and neither party will pay spousal support.

In addition, a $3 million payment will go to Cash to even out the distribution of assets, which Jessica will pay in two-$1.5 million payments – one now, and one a year later. Finally, her legal name is now back to Jessica Alba.

Since their split, Jessica has been notably dating fellow actor Danny Ramirez, and even celebrated the new year together a couple months ago. Find out what Cash previously said about his ex’s new man.

Last summer, Cash was linked to model Hana Sun Doerr after being seen on multiple outings together. He was then reportedly spotted going on dates with actress Seanna Pereira.