The huge sum Liam Payne’s son Bear will inherit has been revealed after it was announced ex-partner Cheryl has taken control of the singer’s £24,000,000 estate.
The One Direction singer died on October 16, aged 31, after falling from a hotel balcony in Buenos Aires, Argentina.
His funeral took place on November 20, surrounded by his loved ones, including his former bandmates and ex-girlfriend, Cheryl, with whom he shares eight-year-old son Bear.
It had been reported that the Night Changes hitmaker died ‘intestate’, meaning he didn’t leave a will or plans for what should happen with his money.
The Sun reported that Payne left £28,595,000, with £24,280,000 left after expenses and debts were paid off. It has been reported that Girls Aloud singer Cheryl and music lawyer Richard Bray have been granted power of administration.
Bear is now reportedly set to inherit the entire estate, with the Daily Mail confirming Liam’s son will receive £21,000,000.
Newly released probate documents lodged with the High Court show how Liam’s estate can be used immediately to ‘benefit’ Bear Grey Payne
The new documents have re-valued the size of Liam’s fortune at around £2.3million less than its given value on May 1 last year and discloses that it is worth a net figure of just over £21million.
Although Payne was in a relationship with girlfriend Kate Cassidy, they were not married or in a civil partnership, meaning she could receive nothing.
This is due to UK intestacy rules, which mean that married partners, civil partners, and some relatives can inherit the deceased’s fortune after their death.
Sources close to Cheryl insisted ‘she will always do the right thing by her beloved son’.
‘It is a small consolation that Bear will never want for anything, that he will at least benefit from that,’ one source told the Daily Mail.
‘Liam had some very sensible people around him for a time and he adored Bear so much. He always wanted to do the right thing by him financially.’
Cheryl and Payne welcomed their only son, Bear, on March 22, 2017. They split a year later, but continued to co-parent until Payne’s tragic death in 2024.
Metro has contacted representatives of Cheryl, Liam Payne, and Richard Bray for comment