Kristin Cavallari, Jay Cutler Divorce Update: Couple's Latest Step Signifies Important Aspect Of Future

On April 26, Kristin Cavallari and Jay Cutler announced that they had decided to get a divorce after spending 10 years together. After sharing the news on her Instagram, reports surfaced that the "Very Cavallari" star and the former NFL quarterback began discussing ways to resolve various issues in their divorce proceedings. Now, it has been said that they have reached an agreement pertaining to an important aspect of their future.

According to People, the two have decided how they plan on handling their finances and co-parenting their three children, Camden, 7, and Jaxon, 5, and Saylor, 4.

READ: Kristin Cavallari Net Worth: Inside 'Very Cavallari' Star's Finances Following Divorce Announcement

As stated by the publication, not only did the former Chicago Bears player agree to release funds so that the reality star could buy her own home, but they also "entered into a Permanent Parenting Plan that they attest is in the best interest of their minor children." They then asked the court to approve the order.

The new documents outline that until Cavallari purchases her new home, the children will stay at their home in Nashville with the parents taking turns with custody. Following the E! star's eventual relocation, their kids will then "spend time with each parent in their respective residence during said parent's respective parenting time." Cavallari and Cutler will be named "joint primary residential parents" and will each have the children 182.5 days of the year.

Furthermore, the document states that "nothing in this parenting plan shall prohibit the parties from deviating from the residential schedule contained herein by mutual agreement in writing or via email."

According to Fox News, the recent development has been viewed as a positive step by attorney Christina Djordjevich, a partner of the Los Angeles-based family law firm Walzer Melcher who is not directly involved in the case.

"Custody can be one of the most difficult and hotly contested issues in a divorce,” she said, adding, "The fact that the parties agreed on a parenting plan early in the case is certainly a good sign and narrows the scope of potentially disputed issues."