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Bear Payne, Liam Payne’s son, was named the sole heir to the British singer’s estate, valued at approximately 29 million dollars. The decision was established after it was confirmed that the former One Direction member passed away without leaving a will.
n” “nAccording to court documents, the inheritance will be administered by Cheryl Cole, the minor’s mother and the artist’s former partner, together with lawyer Richard Mark Bray. Both were appointed to manage the assets until Bear reaches the age of majority.
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n” “nAlthough part of the resources may be used to cover the child’s needs, most of the assets will remain protected in a trust. In this way, the funds will be preserved until the heir can access them directly in the future.
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The gross value of Payne’s assets had been initially estimated at nearly 38 million dollars. However, after the corresponding legal proceedings, the final figure of the estate was set at around 29 million dollars.
n” “nUK legislation states that when a person dies intestate and has no spouse, their assets pass to their closest direct relatives. In this case, 9-year-old Bear became the primary and sole beneficiary of the estate built by the singer during his successful musical career.
n” “nLiam Payne died in October 2024 at the age of 31 after falling from a hotel balcony in Buenos Aires, Argentina. His passing caused shock among fans and figures in the music industry, while now his financial legacy will remain entirely in the hands of his son.
