The couple, who shares a son, six-year-old Bear Blue, were married for 13 years. They had dated for eight years prior to their marriage in 2005.
"They still deeply love and respect each other and remain very close friends but have mutually decided to separate after being together for 20 years.
"They have a son together who they will continue to co-parent, a representative of Silverstone said in a statement, according to Entertainment Weekly.
The 41-year-old "Clueless" star is currently vacationing with Bear in Hawaii.
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