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Jessica Simpson's Parents

Going Halfsies

On Jessica's Death Money

4/26/2013 1:08 PM PDT BY TMZ STAFF
Exclusive Details

0426_joe_tina_simpson_getty_article2
Jessica Simpson
's parents are splitting the baby in their divorce ... going halfsies on Jessica's massive life insurance policy.

TMZ has obtained the legal docs outlining the terms of Joe and Tina Simpson's divorce -- and Jessica's life insurance policy is just the tip of the iceberg.

Joe and Tina have also agreed to split their interest in Jessica and Ashlee's management fees ... a huge number in itself.

As for the couple's remaining division of property ... here's the breakdown:

Joe gets half of their Sherman Oaks house, all his personal effects and bank accounts, the 2012 Mercedes SLS and 2011 Mercedes S63, and a bunch of stocks ... including Twitter. He also gets $237,285 in an escrow account from the sale of their other L.A. home.

Tina gets the house in Waco, TX, over ten bank accounts, a 2010 Range Rover Sport, 2011 Porsche 997 coupe, and other stuff.

TMZ broke the story ... Joe and Tina's divorce was just finalized after 34 years of marriage.

64 COMMENTS

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16.

NY2012    

Why are they getting a divorce????

543 days ago
17.

MGM    

Word of advice for Jessica: If you sleep over at either parent's house...sleep with one eye open!!

543 days ago
18.

OnThree    

Joe got half of the house? What happened to the other half?

543 days ago
19.

Cricket    

So they agreed. They're still greedy, entitled and pimps.

543 days ago
20.

JimmyB    

Ahhh. To be rich & pathetic. I'm jealous. ...Really.

543 days ago
21.

Jamoak    

The story forgot to mentin that Joe gets to keep his extensive dildo & gay porn collection...

543 days ago
22.

Yada yada ya    

Sickening! And some people don't even know what their next meal will be!!!!

543 days ago
23.

seahawk fan    

Shouldn't that money go towards her childeren and not two parents that have made a living off their kids? Everybody thought Dina and Michael Logan were bad

543 days ago
24.

T.C. Mits    

Hope they load all their cash up in their "fancy cars", and drive over a tall cliff.

543 days ago
25.

Ayelet    

This is ridiculous. I thought Joe Simpson was creepy. i didn't know BOTH parents were totally nuts! That money belongs to Jessica Simpson's children and husband-- not her parents!

543 days ago
26.

kr    

shouldn't her children get her entire life insurance policy? That's creepy it's in a divorce proceeding. How about Jessica decide on her own?

543 days ago
27.

T.C. Mits    

Isn't he a former preacher? What a hypocritical p.o.s!!!

543 days ago
28.

cristiana    

how sad that jessica has such greedy, shameless leeches for parents!

543 days ago
29.

Cally    

Moronic talentless kids, disgusting profiteering parents.

543 days ago
30.

joy    

Wonder if Jess will marry Eric? Look at Ashely (divorced)..her parents (divorced) & Jess divorced x1 already... Esp sincr divorce #1 already cost her. If she does remarry I for one would be suprised. After all this, ahe BEST protect her fortune. I soo believe Erics (loser) azz is in it for the money. He's a straight up groupie/mooch. Does he even have a job?

543 days ago
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