London - Jessica Simpson's parents are officially divorced.
Tina Simpson - who also has daughter Ashlee Simpson with her former husband Joe – filed for divorce in September 2012 after 35 years of marriage and the union has now been dissolved, according to TMZ.
While details of the settlement have not been made public, it was recently claimed Tina, 53, was so sick of fighting with Joe that she was willing to 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 Jessica.
A source said: "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."
However, those close to Jessica - who is expecting her second child with fiance Eric Johnson – insisted she would be unhappy with any such deal as relations are strained between herself and her 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." - Bang Showbiz