Mills, McCartney Reach Divorce Settlement
Tue, 18 Mar 2008 09:37:31
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A London judge finally decided the fate of Heather Mills and Paul McCartney's divorce settlement on Monday, awarding the former a lump sum of $33 million along with the $15.6 million in assets she currently holds. Mills' 4-year-old daughter Beatrice will also receive a "periodical payments order" of $70,000 a year, and McCartney has agreed to pay her school and nanny fees.
"I'm so glad it's over," Mills said in a statement soon after the hearing. "It was an incredible result in the end to secure mine and my daughter's future and that of all the charities that I obviously plan on helping and making a difference with—because you know it has been my life for 20 years."
McCartney and Mills separated two years ago after four years of marriage. Their split was "amicable" at the time, to the degree where they said "both of us still care about each other very much." Things turned ugly when McCartney filed for divorce, however, citing his wife's "unreasonable behavior." She eventually sought nearly $250 million in a settlement, which McCartney countered with a $31.6 offer including her own assets.
The former Beatle has refrained from making a statement at this time.
—The ARTISTdirect Staff