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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

No Avatar
31.

Jen    

F*cking losers!

489 days ago
32.

ummmAnyways    

Now Joe can have alot of fun humping his gay twink boytoy gold digger or any twink in Weho.

489 days ago
33.

Jody    

If I was Jessica, I would cancel that life insurance policy today. You have to wonder if your parents love you as their child or now just see you as a commodity if they are fighting over your life insurance.

489 days ago
34.

Lindy    

going halfsies on Jessica's massive life insurance
-----------
That should go to her children!

489 days ago
35.

billybob    

Tina looks scary, something like body snatched...

489 days ago
36.

Gretel    

Ummm ... It seems to me that Jessica has one beneficiary and one on the way. I'm sure there are stipulations in her will regarding her estate and business empire but my guess is her children will be beneficiaries of her life insurance.

488 days ago
37.

Michell    

That should go to her children. Wow! Way to make your kid feel like she's worth more to you dead than alive. Weird!!!

487 days ago
38.

She's baaaack    

Mama should lay off the Botox. Her face looks like it's made out of wax. Joe is just plain freaky.

487 days ago
39.

heather    

How selfish can you get!

487 days ago
40.

Guest    

Remember Joe The Minister talking about the size of Jessica's breasts, (gag). Remember Jessica getting married to Nick L. As a virgin (?). Remember how sickening she was on that reality show, just about as sickening as her father. Pathetic people with a lot of money.

270 days ago
Previous 15 Comments | 1 | 2 | 3

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