Inside Info on the Joe/Tina Simpson Divorce Settlement!

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Now that the divorce is final between Tina and Joe Simpson, let’s let the ink dry and give them some space.


I want to find out who got what, don’t you? And in fact, we can, seeing as these documents are now revealed to Radar online but enjoyed by all. Who gets the cars? Who is the beneficiary of Jessica Simpson‘s life insurance? Pressing questions revealed, after the jump!

Okay, let’s got down to brass tacks, via Radar:

According to an 18-page decree of divorce filed as part of the pair’s multi-million dollar divorce settlement — and obtained exclusively by — the Fashion Star’s parents have “undivided one half–ownership interest in and one half beneficiary of the American General Life Insurance policy ending in 510 in the life of Jessica A. Simpson.”

There is no mention of any life insurance policy of Joe and Tina’s youngest daughter, Ashlee.

In the division of assets, the pair will also split profits from Tina’s business with Jessica and Joe’s management of both daughter’s careers, it’s revealed.

Joe, 55, was also ordered to fork over an unspecified amount of money to Tina, 53, from a JP Morgan Chase and Co. bank account that had $2.1 million parked in it.

He will keep a mansion in Sherman Oaks, Calif. along with his two Mercedes and other personal property; Tina retains the one-time family home in Waco, Texas — and her Range Rover and Porsche.

Both split numerous bank accounts and stocks, though the amounts were not specified in the court documents.

Wow, these two…are gonna be okay.  Don’t you think? (Ka-ching).

Photo: FameFlynet

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Friday, April 26th, 2013 at 3:15pm
Filed under Joe Simpson | No Comments


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