Faith Hill and Tim McGraw are expecting their third child in January. The couple married in 1996 and have two daughters, Gracie, 4, and Maggie, 2. "All four of us are beyond excited," Hill and McGraw said in a joint statement on Wednesday morning (May 30). "Gracie and Maggie can't understand why they have to wait until January to see the baby." Hill and McGraw are also contributing prayers for a CD in conjunction with Pope John Paul II's series of prayer books, to be released in November. McGraw, who along with fellow defendant Kenny Chesney was recently acquitted of assault charges against sheriff's deputies in New York State, will begin a U.S. tour with Chesney on June 20.