Remember that sneaky, sneaky, MAJOR life insurance policy Joe Simpson took out on his daughter?
Well, turns out he WON'T get to keep it to himself!
In his divorce with Tina Simpson, Joe will have to split Jessica Simpson’s life insurance policy in half.
Guess keeping it secret didn't work!
The exes have finalized their divorce, and it seems they’re keeping things pretty equal in the end.
Not only will the $4.5 million life insurance policy be divided equally, but the parents will also split interest on Jessica and Ashlee Simpson’s management fees!
They’ve also figured out a satisfactory way to split up other money and properties as Joe will keep half of their Sherman Oaks house, all his personal effects and bank accounts, the 2012 Mercedes SLS and 2011 Mercedes S63, and a many stocks.
Meanwhile, Tina gets the house in Waco, over ten bank accounts, a 2010 Range Rover Sport, 2011 Porsche 997 coupe, and much more!
Considering how nasty this split appeared to be at first, we’re happy to hear it’s all settled and finalized.
We just wonder what Jessica thinks about the life insurance policy!
[Image via Nikki Nelson/WENN.]
Tags: ashlee simpson, break up, divorce, jessica simpson, joe simpson, life insurance, life insurance policy, settlement, split, tina simpson