Oscar-winning actress Gwyneth Paltrow will be honored with a star on the Hollywood Walk of Fame, and her 'Country Strong' co-star, Tim McGraw, will be the guest speaker at the ceremony on Monday, December 13.

Gwyneth, who plays fallen country superstar Kelly Canter in the upcoming film, 'Country Strong,' will receive the 2,427th star in the category of motion pictures on Monday morning. It will be permanently located at 6931 Hollywood Boulevard in front of Madame Tussaud's.

Gwyneth is one of the leading actresses of her generation, most notably for her role in 1998's 'Shakespeare in Love,' for which she took home Best Actress honors at the Golden Globes, Screen Actors Guild Awards and Academy Awards.

Most recently seen in the box office hit 'Iron Man 2' as Virginia "Pepper" Potts, the second-generation actress was born in Los Angeles to parents Bruce Paltrow, a highly-successful producer, and award-winning actress Blythe Danner. She has also appeared in such films as 'A Perfect Murder,' 'The Royal Tenenbaums,' 'Shallow Hal,' 'The Talented Mr. Ripley' and 'Great Expectations.'

'Country Strong,' which also stars Garrett Hedlund and Leighton Meester, will hit theaters in a limited release in Nashville and Los Angeles on December 22; nationwide on January 7.