LATEST: Sir Paul McCartney has reportedly agreed to a GBP32 million ($63 million) divorce settlement with his estranged wife Heather Mills, after a bitter six month battle over the former beatle's vast fortune. MCCartney split from his second wife Mills in May last year (06) after four years of marriage, and began divorce proceedings in July (06). The 64-year-old has allegedly agreed to hand over his GBP4 million ($7.8 million) home in St John's Wood, London to the former model, as well as his GBP6 million ($11.8 million) mansion in Beverly Hills, California, according to British newspaper News Of The World. The out-of-court settlement means MCCartney will never have to publicly defend himself against Mills' claims of physical abuse while she was pregnant with their daughter BEATRICE in 2003, as stated in court papers filed by the 39-year-old's legal team.