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Blake Shelton and Miranda Lambert Split: What's Next for the Former Couple

Blake Shelton and Miranda Lambert Divorce: Property Divided, What's Next
Blake Shelton and Miranda Lambert in April 2014
Al Powers/Powers Imagery/Invision/AP

07/21/2015 AT 04:35 PM EDT

After 10 years together, country superstars Blake Shelton and Miranda Lambert are calling it quits. Subscribe now for an inside look into their shocking split, only in PEOPLE.

Though Blake Shelton and Miranda Lambert are now going their separate ways, they are moving forward amicably and dividing assets accordingly. (The two had a prenup in place, and their divorce was finalized quickly.)

Prior to tying the knot in 2011, Shelton, 39, and Lambert, 31, both owned ranches in Oklahoma, which they each will keep. The couple's Nashville home and various pets and animals – including their dogs and horses – will go to Lambert, PEOPLE confirms.

Their positive effect on their adopted town of Tishomingo, Oklahoma, will continue. Lambert owns a local store, The Pink Pistol, and a bed and breakfast called The Ladysmith.

"The businesses will continue," a source tells PEOPLE. "They don't want to see any of the local business get hurt."



According to Jackie Baker, who owns Bakers Mercantile in Tishomingo, the couple are "just very normal people, very down-to-earth, very caring."

The tight-knit community is "in a state of shock," adds Ray Lokey, publisher and managing editor of the Johnston County Capital-Democrat. "We love them both to pieces. We're so grateful to both of them, especially Miranda. She's turned our local economy around."



In the wake of their split, both country stars are focusing on work. Shelton is wrapping up work on the set of The Voice this week, and Lambert is set to perform in Nashville next week.

"He's devastated, but he's been really private about it," says a Shelton source. "He's focused on the job and has been as engaged and friendly as he has always been."

Adds a Lambert pal: "She's sad and trying to process everything. She's doing the best she can and taking it day by day."

For all the details of their sad split, pick up the latest issue of PEOPLE, on newsstands Friday.



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