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Papa Joe adamant Ashlee and Pete sign prenup

Singer’s dad wants avoid his 2nd daughter having to pay divorce settlement

Image: Pete Wentz, Ashlee Simpson
Matt Sayles / AP
Pete Wentz won't be getting a big payday if he and new wife, Ashlee, ever split. Her dad, Joe, has insisted on a prenup.
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updated 4:44 p.m. ET May 19, 2008

LOS ANGELES - Though Ashlee Simpson and Pete Wentz had a “Wonderland”-themed wedding, when it came to their financial affairs, the couple was reportedly very much grounded in reality.

The newlyweds have signed a prenuptial agreement, according to OK! Magazine.

The magazine also reports that Ashlee’s father, Joe Simpson, was adamant about a prenup between Ashlee and Pete with the hopes of avoiding another possible Nick and Jessica situation, where Jessica was reportedly forced to pay Nick more than $10 million following their divorce.

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Though Ashlee is not bringing in the same big bucks her older sister does, the younger of the Simpson girls is worth around $6 million, according to OK!

Joe is optimistic that Ashlee and Pete can build on their existing wealth with a reported upcoming reality show featuring the newlyweds.

Copyright 2009 by NBC. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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