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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
1.

LuvJaq    

umm wouldnt Jessica's Life Insurance go to her TWO KIDS and husband, if anything should happen to her? I would get that crap altered asap Girl!!!

358 days ago
2.

Maria    

Who gets the pool boy???

358 days ago
3.

Bamdof    

Jessica probably does have a life insurance policy for her fiance and child(ren) but they are not mentioned because that policy does not pertain to her parents division of assets. The reason her parents have a life insurance policy on her is because she is their main source of income. There is nothing shady about it.

358 days ago
4.

sophiastormy    

Very sick parents, betting on their kids death. Nasty.

358 days ago
5.

Canadasux    

HOLY COW!

358 days ago
6.

ariel    

These two make me want to throw up. Life insurance money from their daughter really? It's sickening.

358 days ago
7.

Elsa    

New money at its finest.

Make a fortune from strong family values... everyone in the family has been divorced.
Tired of liars getting ahead.

358 days ago
8.

Jenna5960    

Why would they even get her life insurance? She now has two children and is engaged.

358 days ago
9.

truthteller    

Two very twisted people

358 days ago
10.

trini_angel    

After 34 years of marriage and they have no respect for each other and their kids. It all comes down to money. Smh! Leaves u to wonder wtf people (family/friends) are always bothering u to "have kids" or "when are u getting married?" All lovey-dovey and married today. Wanna kill each other and divorced tomorrow

358 days ago
11.

Cheryl A.    

Barracudas, the both of them!

358 days ago
12.

Nun ja biz    

Joe and Tina are just as bad as Kris Kardashian. Jessica and Ashlee both have children and those children should be the benefialaries if anything (God forbid) ever happens to them.

358 days ago
13.

Throwback kid    

All Joe needs is a nice yellow sweater, some blonde highlights in his graying hair and a hot young twink on his arm and he's fine. He doesn't need some stinking life insurance policy.

358 days ago
14.

anon    

What is Jessica & Ashlee left with is a bigger question? Jessica should be wealthier then all of them if there playing the game right? TMZ can you explain?

358 days ago
15.

namers    

Hehe, I thought it said, 'bunch of socks.'

358 days ago
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