Lamentably deceased singer Liam Payne fails to draft a will, leaving behind a substantial fortune that will now be distributed according to intestacy laws, with heirs reportedly identified.
Liam Payne's Legacy: Tragic Loss and Contested Estate
In the wake of Liam Payne's untimely death, his £24million estate is left in limbo. The former One Direction member passed away at the age of 31, leaving behind a fortune reduced from the initial £28.6 million, following expenses and debts.
Court documents disclose that Cheryl Tweedy, Payne's ex and mother of his eight-year-old son Bear, holds the power of administration over his estate. But it seems Kate Cassidy, Payne's girlfriend at the time of his death, may receive nothing, despite claiming their plans to marry shortly after his demise.
Under UK rules of intestacy, Payne's fortune is likely to be placed in a trust for his son. However, with no official word on Payne's marriage status or the existence of a will, it remains unclear whether his estate will follow the standard intestacy procedures.
UK intestacy rules, though not explicitly stated in the base article, generally dictate that if a deceased person is married, their spouse inherits the first £322,000 of the estate, as well as half of the remaining assets. The rest would be allocated to any children. Without a spouse or children, the estate would pass to the parents, siblings, and further relatives.
However, cohabiting partners, stepchildren, and foster children are typically excluded from intestacy rules. As Payne and Tweedy were no longer a couple at the time of his death, hers being the only name mentioned in the power of administration, one might wonder about the fate of his wealth.
In February 2022, five individuals were charged in relation to Payne's death in Argentina. The hotel manager, a receptionist, and a friend of Payne were allegedly charged with manslaughter.
Payne, known for his stint as a member of One Direction, attained fame after the band's formation on Simon Cowell's The X Factor in 2010. Following Zayn Malik's departure in 2016, Payne focused on his solo career while struggling with drug and alcohol addictions. He managed to achieve sobriety in 2023, but reports suggest that he relapsed on the night of his demise.
Payne's funeral took place in November 2022 in Buckinghamshire, attended by Cheryl, fellow One Direction bandmates Harry Styles, Zayn Malik, Niall Horan, and Louis Tomlinson, along with his family and friends.
As this case is still under investigation, more details may surface, offering a clearer picture of the distribution of Payne's estate in the coming months.
*Ref:1. UK Intestacy Rules2. Gov.uk3. GOV.UK: Handling estates4. UK Intestacy Rules - Simple Wills5. UK Intestacy Rules Explained
- News of Liam Payne's estate, worth £24million, is left in uncertainty following his death, despite his ex-partner, Cheryl Tweedy, holding the power of administration.
- Entertainment news outlets are discussing the fate of Payne's wealth, given alleged manslaughter charges against five individuals in Argentina in relation to his death.
- While UK intestacy rules usually dictate that a deceased person's spouse inherits £322,000 and half of the remaining assets, it remains unclear if Payne's estate will follow these procedures due to uncertainties about his marriage status and the existence of a will.
- The investigation into Payne's death continues, and more details about the distribution of his estate may come to light in the future, affecting the fortunes of celebrities and their loved ones.
