Simpson, Lachey Divide Assets in Divorce
By Jeff Schaible
Published on September 06, 2006
The couple earned an estimated $36 million during their three-year marriage, due in large part to their MTV reality show "Newlyweds," as well as endorsement deals.
California law requires that assets should be divided equally. Simpson originally offered Lachey $1.5 million, reportedly at the request of Simpson’s father. Lachey rejected the offer and has agreed to a new settlement amount.
Although the terms of the new settlement are as yet undisclosed, Lachey will likely receive more than the $1.5 million but significantly less than the $18 million he was eligible for.
Sources indicate Lachey agreed to the settlement to avoid an ugly court battle.
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