Sir Paul McCartney and Heather Mills set to finalise £3m-a-year divorce deal
IT’S BEEN ONE of the most public ? and bitter ? divorces in history, but now, it seems, the Paul McCartney and Heather Mills split could also be one of the most expensive in history, too.
The couple are set to thrash out a divorce settlement in the next 24 hours in a secret meeting the couple and their lawyers are holding in front of a High Court judge.
The proceedings will not be at the Royal Court of Justice, which means the estranged pair will avoid a costly and public formal hearing.
Divorcing couples often hold these meetings when they are close to finalising a deal. All offers already made are laid on the table and the judge indicates what he believes a court would order, were the couple unable to reach an agreement.
The settlement the couple are debating, is based on a report first released in July by the Daily Mail.
That agreement would see Miss Mills receive a lump sum of around £15million and, for the remaining 14 years until their daughter, Beatrice, is 18, she would receive an annual payment of between £3 and £3.5million.
This total payout would then be estimated to be between £57 and £64million of Sir Paul’s £825million fortune, making it one of Britain’s biggest divorce settlements.
It is thought Heather will not receive any property, and Paul will pay all of Beatrice’s living expenses, including schooling and security. The pair will continue to share custody.
Spokesmen for either party would not comment on the divorce developments.