In November 1999, Falk got married to love of her life Mark Morris. Mark Morris is also a well known name in the film industry. He is a film producer. They are still strongly bonded into this married life. They haven't welcomed any children till date. Her nationality is American and she has mixed ethnicity. She has a normal height.
Falk dreamed to be an actress at a young age. She was also able to accomplish this dream in the early 1980s. She made her acting and modeling debut in 1982 by appearing as a model in the movie Born Beautiful. Two years later, she appeared in a European-only EP Violated where she was seen playing the role of Judy Engele. As an actress, she has also appeared in several movies like In the Mood, I Love N.Y, Heathers. Her parents are dead now but the reason of their death is unknown. Her net worth is in millions.