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Tina Simpson to give half of assets to Joe

Mar 1, 2013, 15:01 GMT

Joe, Jessica and Tina Simpson

Jessica Simpson's mother is reportedly planning to hand over half her business assets to her estranged husband.

Tina Simpson, 53, is hopeful she and Joe Simpson, 55, can reach an amicable agreement in their divorce battle, so is willing to give into his demands for an equal split of everything under the family name, including the multi-million dollar clothing line she manages for the 'Fashion Star' mentor.

A source told RadarOnline.com: 'An offer of a 50 per cent split of everything under the Simpson name has been offered to Joe.

'That includes the coveted Jessica Simpson Collection, which Joe desperately wanted because that's the real cash cow.

'Even though he has nothing to do with the fashion label, Tina just wants an end to the saga and if that means giving Joe what he wants, so be it.'

While the offer is still in early negotiations, it is expected to annoy Jessica - who is expecting her second child with fiance Eric Johnson - as relations are strained between herself and her gay dad.

The source added: 'The offer will certainly irk Jessica, because she doesn't want her dad getting his hands on any of money she earns for the family and they still aren't getting along.

'But Tina is tired of arguing, tired of fighting and just wants it all to end.'