I just don't understand why this woman should get this much money.

[FourScore]

Mills getting $108M in divorce settlement?
Agreement includes strict confidentiality agreement, Daily Mail reports

updated 4:05 p.m. ET, Sun., Feb. 17, 2008

LONDON - Heather Mills and former Beatle Paul McCartney have reportedly settled their very public and bitter divorce with a whopping $108 million settlement being awarded to Mills, according to Britain's the Daily Mail.

Mills, who represented herself during the divorce, will reportedly receive a lump sum of $40 million up front, with another $5 million a year until their four-year-old daughter Beatrice turns 18.

The settlement, which includes a strict confidentiality agreement, falls short of Mills initial request of up to $160 million, according to the Daily Mail.

The Mills and McCartney settlement also reportedly establishes a $2 million trust fund for their four-year-old daughter, which will gain interest until she turns 18.

"They have agreed on all points," a source told the Daily Mail. "Nothing much has changed this week. There was a deal at the beginning, but it was a complex one."

The former couple is reportedly expected in London's High Court on Monday in front of Justice Hugh Bennett in case there are any last-minute details to work out.

Mills and McCartney were married in 2002.

http://www.msnbc.msn.com/id/23212518/

[MNDemNY]

1. It's not for yu to understand, I don't know why you care.

[FourScore]

5. Then why bother posting a reply?

[ixion]

2. Mills is a gold digger... it's pathetic

I can't believe that this would be allowed when it is so obviously hi-way robbery.

[babylonsister]

3. I heard today that no settlement has been made, but I agree.

What did he or she do to 'deserve' that outrageous sum? She apparently needs tons to keep security around her at all times now. The big question to me is, was she a gold digger? Seems so...

[blondeatlast]

4. No pre-nup, apparently all parties have agreed--what's the problem? nt

[leftofthedial]

6. well, so much for the expression "one-legged man in an ass-kicking contest"

Apparently a one-legged woman does pretty good at kicking ass

[fasttense]

7. Over 15 million a year, not bad pay if you can get it. n/t

[Ichingcarpenter]

8. Can't Buy Me Love....No

I'll buy you a diamond ring my friend if it makes you feel alright
I'll get you anything my friend if it makes you feel alright
'Cause I don't care too much for money, money can't buy me love

I'll give you all I got to give if you say you love me too
I may not have a lot to give but what I got I'll give to you
I don't care too much for money, money can't buy me love

Can't buy me love, everybody tells me so
Can't buy me love, no no no, no


song was really written by McCarthy

[monktonman]

9. She must be a real demon in the bedroom

yes, thats a sexist statement.... sue me.
My Father sent my mom a whopping sixty bucks a month.
Then again he wasnt a rock star and my mom isnt a hot blonde.
go figure.

[mrreowwr_kittty]

10. I don't understand why wealthy men pursue women 30 years their junior

And then are shocked to learn that said women are after their money.

Shallowness begets shallowness.

[blondeatlast]

12. Thank you.And no pre-nup? Who's the real fool?

I'd say it's him--but I never was a Beatles fan, so :shrug:

[Warpy]

11. Rich lonely old fool meets young hottie, marries trophy wife

who cranks out one kid and then kicks him to the curb, taking as much as she can get with her.

It's an old story, fellas, and one you might want to consider when you're hanging out at that college bar in your later years, hoping some hottie is drunk enough to give an old goat a tumble.

McCartney got off easy. He's worth a lot more than what she got. He'll feel the loss, but it's not going to cramp his lavish lifestyle.

I doubt he sleeps alone most nights, anyway.

[Hepburn]

14. Yeah, stupid on his part...

...but greedy as all hell on her part. Why in the hell should she get any part of his fortune traceable to earnings and work prior to their marriage?

What a crock!

[blondeatlast]

18. Because he didn't have the smarts to arrange a settlement before he married the obvious gold-digger?

I've got :nopity: for anyone in this.

[Warpy]

19. It doesn't sound like she did

McCartney has more money than god. It sounds like she got half the take during their marriage up front, plus a projected percentage of the take during their daughter's childhood.

McCartney was a blinkered idiot, blinded by lust. Fortunately, the courts have been looking out for him.

It's called a prenup. Anybody with significant property prior to marriage needs to get one.

[Hepburn]

26. Pre-nups usually are not up-held...

...at least in California courts. I litigated family law cases for a long time and from what I saw, the courts do ANYTHING possible to find them invalid. That is just California....so I do not know if it applies to England as well. There are some of the pricey family law firms and attorneys in downtown LA that will charge as much as $25K to draw a simple pre-nup because they figure they will get sued in the future by the aggrieved party because the agreement was found to be invalid.

Pre-nups are NO guarantee at all...not even close where I practiced.

JMHO

[Warpy]

27. It's my understanding that California is one of the strongest

community property states in the country and that community property always covers everything each party brought to the marriage, even if one side brought all the money and the other side only brought his or her sweet self.

I think the prenups stand up better in most other states.

[Hepburn]

28. Community property applies to things earned during the marriage...

...by the efforts of one of the spouses. Separate property does not become community property on the marriage of the parties. What someone brought into the marriage is generally separate property unless there are certain actions taken which with the knowledge and permission of the aggrieved party transmute it to community property. I taught this rather boring shit, community property, in law school ~~ however, I am not sure if pre-nups are harder to enforce in California or not.

[El Pinko]

13. I so couldn't care less.

It's a small portion of McCartney's fortune. He'll hardly miss it.

I just don't understand why ANYONE needs to have this much money.

[BlueIris]

15. Sounds like hush money to me. But also a salary to raise the daughter

at the rate said child is accustomed to living at.

[treestar]

25. That could be just the property division

Child support would go on top of that!

[Cleita]

16. Considering that it's hardly going to make a pauper out of

McCartney, who cares? It's not going to change his lifestyle one iota and maybe will be a good lesson to him. Why would any young attractive Bimbo want to have anything to do with an aged 60 plus rock star if it isn't for money?

[treestar]

24. True, why should the guys have it both ways?

If you want the trophy wife, you've got to have the money, why complain then when you have to pay up?

[Mad_Dem_X]

17. Can't stand that...woman

She's one of the very few women I would ever use the "c word" to describe. Nasty money-grubber is what she is.

[Deja Q]

20. She should have married Mark Knopfler instead...

http://www.youtube.com/watch?v=aNaKWXqXkhw

Money for nothin' and your chicks for free...

[Winterblues]

21. When someone is worth billions a hundred million isn't all that much

It certainly won't leave Paul without....and it will help provide for his child in very good comfort..

[ileus]

22. Agreed...why not award ME half of the 108m.

[treestar]

23. Because she is divorcing a rich man

Don't know the UK laws, but they are being applied. The general concept of marital property applies; what he earned during the marriage is as much hers as his, and vice versa, though she may have earned less.

I remember once a client complained that a friend of hers got more child support than she did. Just her friend's luck for divorcing a higher earning husband was all that was going on there.