A year has passed since the tragic death of Liam Payne, a former member of the band One Direction, who passed away at the age of 31 after a fall from a third-floor balcony at the CasaSur Palermo Hotel in Buenos Aires, Argentina. Liam, known for hits like “Strip That Down,” left behind an estate worth £28.6 million, which was later reduced to £24.3 million after taking care of expenses and debts.
Despite his substantial fortune, Liam did not have a will at the time of his death, leading Cheryl, his former partner and mother of their son Bear, to step in as one of the administrators of his estate. In the absence of a will, UK inheritance laws dictate that Liam’s son, Bear, is entitled to inherit his father’s wealth.
Cheryl is currently overseeing Bear’s inheritance from Liam, ensuring his financial security until he reaches adulthood. Managing the estate without a will has proven to be a challenging task for Cheryl, who is working through the complexities and uncertainties that come with such a responsibility. Cheryl aims to safeguard Bear’s future and protect him from potential conflicts that money can sometimes create.
Close friends of Cheryl have expressed that her primary concern is to honor Liam’s wishes and ensure that Bear is well provided for, just as Liam had intended. Liam had a strong desire to secure his son’s financial well-being and had taken steps to guarantee that Bear would have a comfortable future.
Despite being in a relationship with Kate Cassidy at the time of his passing, Liam’s girlfriend is not set to inherit anything from his estate. However, the absence of a will leaves room for potential claims from individuals who were financially dependent on the deceased, such as Kate Cassidy, as explained by probate law expert, Craig Ridge.
Furthermore, Liam’s mansion in Buckinghamshire, valued at £3.2 million, was listed for sale before his death and was withdrawn from the market mysteriously earlier this year, raising questions about its current status. The fate of the property remains undisclosed, leaving uncertainties surrounding its ownership.