Have Will Smith and Jada Pinkett-Smith called it quits?

According to a story published by In Touch Weekly on Tuesday, the Hollywood couple has decided to split after 13 years of marriage. Tipsters say the bust-up came after Jada began cheating with Marc Anthony, Jennifer Lopez’s soon-to-be ex-husband and Pinkett-Smith’s Hawthorne co-star and love interest.

“Everything about the Marc Anthony story is completely false, but we are not commenting on whether they are separating or not,” Jada’s publicist Karnne Tencer tells Entertainment Tonight.

Perhaps not surprisingly,the reps aren’t talking. But the family is: Trey Smith, Will’s 18-year-old son from his early ’90s marriage to Sheree Zampino hit his Twitter account to debunk the divorce reports.

“Did #WillandJada split? No they did NOT split ! False information ..its not true RETWEET!!!” he wrote.

Will, 42, and Jada, 39, tied the knot in 1997. They have two children together – child actor Jaden, 13, and budding songstress Willow, 10.

All moms make sacrifices for their kids. Just ask Jada Pinkett Smith. The Hawthorne actress graces the August issue of Redbook Magazine, where she reveals that she shelved her rock ‘n roll career in favor of motherhood to child stars Jaden, 12, and Willow, 10.

Jada on Putting Family First: “I had to make choices. Believe me, I would still be on the road with my band, Wicked Wisdom, and making as many movies as I can a year, and doing all sorts of other things if I didn’t have the responsibility of a family. But I have children with their own talents and dreams, and I know I have to be standing next to them for that journey.”

On Giving Up on Her Rockstar Dreams: “It was excruciating, completely excruciating. When Jaden was auditioning for The Pursuit of Happyness, my band had just gotten an offer to open for Guns N’ Roses in Europe. For me, that was unbelievable. But the choice was: I could be a rock star, or I could be on the set with my son to make sure he was healthy and happy. We all know how that story ended!”

On Raising Her Kids in Hollywood: “Let me tell you what I fear most: Them growing up like I did, in a house with drugs in a war zone, where if I walked out my door I could be shot. Hollywood ain’t nothing compared to that! Growing up in the streets of Baltimore, or the streets of Philly where Will grew up — I’d rather have my kids here. It still makes me nervous that they’re part of something that isn’t totally real, but it’s up to Will and me to teach them what’s real and what’s not.”

For those not in-the-know, Will and Jada Pinkett-Smith, hip-hop impressario Jay-Z, and Will’s Overbrook Productions have reached an agreement to feature Will and Jada’s stylista daughter, “Whip My Hair” singer Willow Smith, in movie musical remake of Carol Burnett’s 1981 box office hit Annie. (Epic Fail, mind you…)

But not everyone is ecstatic over the recent Hollywood exposure of Jada and Will’s spawns, including son Jaden, who starred in a remake of The Karate Kid just last summer. Bestselling author Terry McMillan has incited the wrath of Smith fanatics on Twitter after posting a series of disparaging remarks about the showbusiness fam on her feed this week.

Do you agree?

One child’s burning up the pop charts with her debut single. The other became a box office draw with the release of the summer motion picture remake The Karate Kid.

But are Will and Jada pushing their kids too the brink of destruction?

They haven’t even hit their teenage years yet, but pint-sized stars Willow and Jaden Smith already strike poses on the red carpet like a couple of seasoned showbiz professionals.

Will Smith and Jada Pinkett-Smith’s two kids have been close to the spotlight for years, but in the last few months they’ve both suddenly shot to stardom with Jaden, 12, appearing alongside martial artist Jackie Chan and Oscar nominee Taraji P. Henson in The Karate Kid and 10-year-old Willow releasing her first single — the infectious “Whip My Hair.”

But some friends of the couple say it’s all too much, too soon.

“Will and Jada expect only the best from their children, there is very little room for failure. They’re a very competitive, high-performing family,” a well-placed Smith source told Britain’s Daily Mail Thursday. “It’s almost like the kids have never known what it’s really like to be a child. They were launched straight into the limelight. A lot of their friends think it is way too much too soon.”

Earlier this week, Will Smith and Jada Pinkett’s fashionista daughter, Willow, stepped out at the red carpet premiere of brother Jaden’s new movie, The Karate Kid, looking like a cross between Rihanna, Janelle Monae, and Prince.

Now we’re hearing that the youngest member of this multi-talented family is following in her Grammy-winning dad’s footsteps: She’s ready to launch a music career.

Jada — who’s busy these days working on the TNT drama, Hawthrone, recently sat down with Ambassador Magazine, where she reveals that she’s helping Willow pursue her music career: “I had always been too afraid to venture into music, but I decided when I was about 30 to just go for it. I started a metal band called Wicked Wisdom. I toured and I loved it. But soon after, my kids’ careers started taking off, so I sacrificed it. I am pleased to say my daughter, Willow, will be putting out an album soon and I look forward to enjoying music through her creations. I am excited about that, and she’s pretty awesome. She will be better at it then I ever could be anyway!”

Jada Pinkett-Smith and her bikini bod cover the September 2009 issue of Shape Magazine.

While they may seem like the perfect couple on the surface, in the July issue of Redbook Magazine, actress Jada Pinkett Smith says she and husband of nearly eleven years Will Smith often disagree on things, but that is part of why they love each other.

“We’re constantly surprising each other,” she said. “No matter what side of the scale one is on, the other will switch to keep the balance. We crack up about it all the time. We hardly every agree on anything, and we’ve learned to really respect that in our relationship. You might have an idea in your mind of what marriage is supposed to be, and you’re driving, driving, driving, toward this ideal picture. But you have to be open to the fact that your relationship is meant to be something else.”

It’s TMI Time with Jada Pinkett Smith! The actress, who is married to Oscar-nominated actor Will Smith, says having sex at a friend’s house helps keeps relationships alive.

Jada Pinkett Smith is currently promoting the series premiere of her TNT medical drama, Hawthorne.

Jada also suggests couples can revive their love lives by getting intimate in their cars, workplaces, and friend’s living quarters.

Ew……

“Be sneaky – your girlfriend’s house at a party. The bathroom. A bedroom,” Jada reveals in the July issue of RedBook Magazine. “Think of places outside that are comfortable to have sex.”

“Does he have access to his office? Have a fantasy date. Be his secretary! Pull over on the side of the road… Just switch it up,” the 37-year-old star explained. “Anything like that can keep it going. Anything it takes to keep the flame alive.”

She adds, “The key to true beauty is lots of water, great sex with Will Smith and happiness….The key for me is I’m vocal about getting my happiness. Sometimes if you just say what you need then someone will give it to you.”

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Jada Pinkett-Smith appeared on NBC’s The TODAY Show Monday, where she chatted with host Meredith Vieira about her new Nurse Jackie-esque TNT drama, Hawthorne.