Faith Hill & Tim McGraw Divorce Rumors Explode: Country Music Beauty 'Controlling Psycho' Over 'Boozing' Hubby, $135 Million Separation FALSE!

Beloved country music couple Faith Hill and Tim McGraw were recently slammed with vicious divorce rumors - again.

UPDATE: Faith Hill & Tim McGraw Ignore Bizarre Divorce RUMORS, Country Music Couple Busy Touring While Twitter Fans Deny 'Lost Love'

A recent cover issue ofthe seedy gossip magazine Star blares the headline:

"Faith & Tim marriage from hell. 'She's a controlling pyscho!' Faith forces Tim to sign over fortune. He's forbidden to contact friends. Plus: Tim wrecks his car after a wild night of drinking."

Yeah, that's a real headline.

Apparently, all of these marital struggles have resulted in a whopping $135 million divorce blow.

Sure - several unreliable tabloids reported the same thing about six months ago.

Anyway, rumors suggest that the "This Kiss" beauty has turned into a "controlling psycho" - and McGraw just can't take it anymore.

Hill first went crazy when her hubby's constant "boozing" allegedly led to a scary car crash - over six years ago.

A supposed insider reveals that since that alcohol-related accident back in 2008 (which was kept completely hush-hush), Hill has "controlled" McGraw's every move (and dollar).

Now, things have finally come to a head.

So, Hill recently "ambushed Tim with an ultimatum: He had to straighten himself out - and sign control of all their assets, including royalties and property, over to Faith - or else." She's alienating him to the point where he won't even talk to any friends now.

The alleged source humorously suggests, "Tim couldn't even buy a cat now without first checking with her."

Simply not true.

Another "legit" source tells Gossip Cop that once AGAIN, such divorce rumors are a total lie. The "Liked We Never Loved At All" couple's still happily together and indeed "in love."