Movies

Liam Payne’s £24M Fortune: Why Son Bear May Have to Wait Until 25 to Inherit Everything

BBG News

It’s possible that Liam Payne’s son, Bear, may not have access to his father’s large inheritance until he turns 25, as suggested by a source. Cheryl Tweedy, his mother, might be the one enforcing this restriction.

It emerged yesterday that the 31-year-old singer of One Direction, who tragically fell from a balcony of the CasaSur Palermo Hotel in Buenos Aires, Argentina on October 16 of last year and passed away, did not have a will at the time of his death.

Initially, the famous singer had a net worth of approximately £28,595,000. However, after accounting for expenses and debt repayments, his final net worth was adjusted to about £24,280,000.

If an individual passes away without having written a will, they are deemed “intestate.” In such cases where the deceased person was unmarried but had children, like Liam did, their estate gets divided equally among those children.

As a lifestyle guide, I found an intriguing detail in court records that sheds light on a personal matter: it appears that I (Payne) have entrusted my estate’s administration to my ex-partner, Cheryl (the mother of my eight-year-old son Bear), by granting her power of administration.

Now, it’s been disclosed that Cheryl has been in discussion with Liam’s estate trustees about setting aside funds for their son, Bear, until he reaches an age where he can make well-informed financial choices himself.

A trustworthy source revealed that this singer intends to safeguard her son, Bear, by not allowing him to receive a large amount of money until he turns 25 (or possibly older), based on the reported decision she has made.

According to the source, she believes that Bear should reach a mature age to make thoughtful choices regarding his finances. (The Sun)

She desires for him to maintain a strong ambition and determination to excel, independent of financial support. She understands that others might seek friendship with him due to his circumstances.

It was stated that the Girls Aloud singer consulted with trustees after which she decided to hold onto the funds until her currently 8-year-old son reaches an appropriate age before distributing it.

Later, it was revealed that Liam’s £24 million estate, once belonging to the ex-X Factor judge, might decrease to just £12 million as a result of inheritance taxes.

They mentioned that it’s ‘an impressive sum nonetheless’, and went on to say, ‘Cheryl is determined to take all necessary steps to safeguard Bear’s interests and ensure he receives the funds at the appropriate moment.’

Richard Bray, an accomplished music attorney known for working with celebrities like Ed Sheeran, was additionally appointed as the estate administrator for Payne.

TopMob has approached Cheryl’s representatives for comment. 

After it was discovered that the 31-year-old had taken steps to ensure his son would always be provided for, should he pass away.

Previously, Katie Hind of The Daily Mail disclosed that the One Direction band member had meticulously planned for his son’s financial security. He shrewdly invested in real estate, such as acquiring a house in Buckinghamshire.

Some time ago, it’s been shared that Liam had set up arrangements for his wealth to be passed on to his sole offspring in case of his passing.

Even though great distances, frequently measured in thousands of miles, separated them due to the singer’s frequent travels to the U.S., their interactions primarily took place through video calls on FaceTime.

According to a reliable source who was associated with the deceased musician, Liam had advisors who were quite wise at certain points in his life, and he held his son Bear dearly. He consistently aimed to act responsibly financially towards him.

As his devoted follower, I find solace in knowing that Bear will always be well-provided, ensuring that he reaps the rewards.

Previous reports indicate that Payne had spent around £357,000 on a new house in the West Midlands for his parents, Geoff and Karen, back in 2015. Simultaneously, he also invested in properties of his own.

In the aftermath of his passing, his loved ones and acquaintances gathered an enormous sum of money for a children’s cancer charity.

At his funeral, it became known that an impressive sum of over £31,000 was raised for Great Ormond Street Hospital. This was due to the generous donations made by attendees. In addition, fans contributed another £1,808 through online donations, all in his honor.

The money will go towards building a new children’s cancer unit at the hospital in London.

As a die-hard fan, I can’t help but feel the sting of disappointment upon learning that Liam’s beloved partner, Kate Cassidy, might not be inheriting anything, even though they had publicly announced their plans to wed just following his untimely demise.

A reliable source near Ms. Cassidy shared with TopMob that Kate’s perspective on the matter has always been clear: ‘The motivation behind Kate’s actions was never financial.’

She deeply cared for Liam, no matter the circumstances, and she was content with Bear being the primary recipient of inheritance from Liam’s father.

However, should Ms. Cassidy decide to bring a case before the court, it’s possible that she might be eligible for a portion of his substantial wealth, according to legal professionals, given their future intentions and shared domestic life.

As a devoted follower, I might find myself considering the option of requesting a fair share of his financial assets under the UK’s Inheritance Act, should I assert that my financial wellbeing has relied on him in some capacity.

As a devoted partner who hails originally from New Jersey, I’ve shared a life with Liam in sunny Florida. It has been reported that during our cohabitation, I received an allowance of approximately £20,000 per month from him.

Instead, we can say: They were contemplating marriage, supported by three pieces of evidence, which could strengthen their case regarding Liam’s inheritance, even though they were not yet officially engaged.

Theoretically, Kate might try to change this situation by contesting it using the Inheritance (Family & Dependants’ Provision) Act of 1975.

The law allows people who were previously supported financially, either entirely or partially, by someone who passed away, to submit an application for financial support after their death.

Instead, let’s say that she must carry out this action within six months following the issuance of the Grant of Letters of Administration, which designates the person responsible for managing or overseeing the estate in the future.

The report that the ex-boyband member passed away intestate (without a will) surfaced six months following his unexpected demise in Argentina, which left fans worldwide grief-stricken.

The confirmed reason for his demise was due to severe, multiple bodily injuries from traumas, often referred to as ‘multiple traumatic injuries.’

Following Liam’s incident, Rogelio ‘Roger’ Nores, hotel manager Gilda Martin, and receptionist Esteban Grassi initially faced accusations of manslaughter. However, these charges against them were eventually dismissed.

The hotel worker, Ezequiel Pereyra, along with waiter Braian Paiz, are facing accusations for providing cocaine to the musician.

Payne rose rapidly to fame together with his ex-bandmates from One Direction, including Niall Horan, Zayn Malik, Harry Styles, and Louis Tomlinson.

Five individuals were united by Simon Cowell and previous judge, Nicole Scherzinger, who recognized their collective talent during the XFactor competition.

However, the intense enthusiasm for One Direction overshadowed the concert, yet even with all the admiration, the group ended up coming in third place.

Or:

The One Direction frenzy quickly outshone the performance, but despite the love, they ultimately ranked third.

Later on, the group secured a deal with Simon Cowell’s label, Syco, reportedly for around £2 million. However, they parted ways in 2016 after Zayn decided to leave the band.

In late 2019, Payne embarked on a flourishing standalone journey in music, debuting his first solo album titled LP1. This album featured tracks like “Polaroid” and “Strip That Down,” a collaboration with Quavo, as well as “For You,” a duet with Rita Ora.

Back in 2017, on March 22nd, the popular singer and British pop icon Cheryl Cole revealed they were having their first child, whom they named Bear Grey. The couple eventually welcomed Baby Bear into their lives. However, they parted ways in 2018.

After the unfortunate passing of the person, Cheryl expressed her grief on Instagram, describing her attempts to cope with this heart-wrenching occurrence.

In attempting to cope with this overwhelming, life-altering situation, I’m also grappling with my personal sorrow during these incredibly difficult days.

‘I’d like to kindly remind everyone that we have lost a human being.

Liam wasn’t just a popular musician and famous figure; he was also a son, a sibling, an uncle, a cherished friend, and a dad to our seven-year-old boy.

‘A son that now has to face the reality of never seeing his father again.’

Even though he faced challenges with substance abuse following his departure from One Direction, Payne made a point of investing wisely in real estate properties.

Liam had recently listed his 3.2 million pound house in Buckinghamshire, which he purchased for proximity to Bear, on the market about a month prior to his unexpected passing away.

He had bought the five-bedroom mansion in Chalfont St Giles in November 2021.

A month or so before his death, he shifted residence to a luxurious mansion costing $9,500 per month, sharing it with Kate Cassidy, in the state of Florida.

The property sprawls over six spacious acres and features a swimming pool, a horse stable, and an additional structure (annex), and it was priced at approximately £3.25 million on the market.

The property appeared to have disappeared from the site before a sale went through.

Read More

2025-05-10 03:21

Previous post How to level up quickly in Delta Force
Next post Fashion Designer Natalie Rolt Announces Pregnancy with Husband Ty Couanis in Surprise Reveal