JESSICA Simpson‘s dad Joe Simpson took out a $4.5 million life insurance policy in his daughter’s name with himself listed as the sole beneficiary.
According to RadarOnline, the policy was drafted around 8 years ago and The Dukes Of Hazzard star and her mom Tina only found out about its
existence last week.
Tina’s attorneys at Dunnam & Dunnam were made aware of the policy’s existence in a meeting with the Simpsons’ business manager, David Levin, and a source says that both Jessica and Tina are “furious” that Joe had done such a thing without the knowledge of either of them.
“Tina found out about yet another one of Joe’s secrets and couldn’t believe what she was hearing,” said the insider.
“It was pointed out to Tina that as Jessica’s manager Joe wasn’t doing anything underhanded by taking out a policy to protect his biggest income source, but she was absolutely furious that Joe did it without consulting her or Jessica.
“Joe’s actions have put a massive strain on the family, and it’s only getting worse. It’s hard to see that Tina and Joe will ever be amicable with each other again and the divorce case is shaping up to be very messy.”
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