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McCartney and Mills meet in court | McCartney and Mills meet in court |
(20 minutes later) | |
Sir Paul McCartney and Heather Mills are due to face each other in a London courtroom as they try to reach a financial settlement in their divorce. | Sir Paul McCartney and Heather Mills are due to face each other in a London courtroom as they try to reach a financial settlement in their divorce. |
The hearing will take place in the Family Division of the High Court and is expected to last five days. | The hearing will take place in the Family Division of the High Court and is expected to last five days. |
The couple, who have a three-year-old daughter named Beatrice, announced in May 2006 that they were ending their four-year marriage. | The couple, who have a three-year-old daughter named Beatrice, announced in May 2006 that they were ending their four-year marriage. |
The former Beatle's fortune has been estimated at £825m. | The former Beatle's fortune has been estimated at £825m. |
There has been speculation among divorce experts, based on recent cases, that the settlement could reach £60m. | |
The record currently rests with the £48m which businessman John Charman was told by the courts to pay his former wife in May last year. | |
Key consideration | |
Suzanne Kingston, a family law expert, said: "Current estimates suggest that Heather is likely to receive anything from £50m to £100 million as her final settlement. | |
"In Heather and Sir Paul's negotiations, making sure that their child Beatrice is properly provided for will be a key consideration, as will ensuring that there is not a vast disparity between Heather's lifestyle and Paul's as viewed by Beatrice. | |
"The fact that this has been a short marriage will be taken into account and this could involve looking at the wealth that has been generated during the course of the marriage as distinct from pre-marital wealth." | |
BBC media correspondent Torin Douglas said that Ms Mills has now parted with her UK legal team and PR advisor. | BBC media correspondent Torin Douglas said that Ms Mills has now parted with her UK legal team and PR advisor. |
The hearing will take place behind closed doors and the court will not make any financial settlement public. | The hearing will take place behind closed doors and the court will not make any financial settlement public. |