May 11, 2016 03:24 PM

PeopleStyle’s reigning Best Dressed Woman in the World, Reese Witherspoon, just reached a major milestone with her fashion business: Draper James turned one year old on May 5th. She also celebrated her 40th birthday in March. And though not much has changed as far as her always-stellar street style, she just might’ve had a change of heart about sharing her designer duds with her 16-year-old daughter, Ava. Last July, she told us that Ava has free reign over her closet. “She and I just swap clothes,” she said at the time. But it seems like some things have changed!

Paul Costello for Draper James

“I have a rule that if my teenage daughter is wearing it, I’m not supposed to be wearing it. Ava and I can go through an entire magazine and be like, ‘That’s for you, and that’s for me!'” she tells PeopleStyle in this week’s issue. “Like, some women love to wear cutoff shorts and look really good in them, but I like a polished, tailored short. I feel like I am too old to be wearing cutoffs at this point … It probably does have to do with my age.” And she’s very steadfast on her anti-cutoff stance: She has said before that no matter how boho trends get, she steers clear of them. “They’re just not my personal style,” she told us last summer.

But that doesn’t mean she steers clear of the silhouette entirely. “I like a high-rise short,” she says. “They remind me of the ’60s. I’ve put inspiration photos on my Instagram of girls in the ’60s walking around in their high-waisted shorts. I think they are so cute.”

RELATED VIDEO: Reese Witherspoon Reveals What She Won’t Wear Now That She’s 40

Witherspoon’s daughter Ava does take risks when it comes to her personal style: She’s experimented with her hair color (it’s been blue and now it’s pink!) and she really embraced Coachella’s hippie-chic vibe this past April.

Says Witherspoon of her Ava and her friends’ festival style, “They looked so cute! But no, nothing her and her friends wear is right for me. It’s great to see them having so much fun with fashion. They will always remember these times. They wear big sunglasses and things they wouldn’t normally wear, and it’s great to see them expressing themselves. I remember growing up in Nashville, we used to go to country concerts in the summer and it was so fun to dress up for festivals. It’s a rite of passage for sure.”

For more on the star’s style advice, plus all the scoop on how she runs her business Draper James, pick up the new issue of PEOPLE, on stands everywhere Friday

–Catherine Kast

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