Tina, 53, is tired of fighting with Joe over money and has offered Joe, 55, a 50% split of everything under the family name, including the multi-million dollar fashion line she manages for their daughter Jessica.
The generous settlement is still in its early negotiations, but Tina wants this over with as soon as possible so she can move on with her life.
“An offer of a 50% split of everything under the Simpson name has been offered to Joe,” a source close to the family tells Radar.
“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.
“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,” the source reveals.