Cheryl to 'do right thing' for son Bear as she's given control over Liam's cash

Cheryl Tweedy has been given the power of administrator over her late ex-partner Liam Payne's fortune after he died tragically aged 31 without a will in October last year.

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Cheryl Tweedy has been granted the authority to manage the late Liam Payne's fortune, with intentions to "do the right thing". The former One Direction star tragically passed away at the age of 31 without a will in October last year.

The singer fell from a third-floor balcony while staying at the CasaSur Palermo Hotel in Buenos Aires, Argentina. Liam, who shares an eight-year-old son Bear with Cheryl, left behind a staggering £24.3million.

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Liam initially had £28.6million, which after settling expenses and debts, reduced to £24.3million. Following his death, Cheryl, 41, paid a heart-wrenching tribute to Liam, describing his passing as an "earth shattering event".

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Court documents filed on May 1 reveal that music lawyer Richard Bray was also named as an administrator. Under UK law, a person's spouse is the first to claim any money following their death.

They are then followed by the deceased's child. However, since Cheryl and Liam were never married, the money will go to Bear, with Cheryl managing it until he comes of age, reports the Mirror.

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It remains unclear how she plans to safeguard the fortune, but it is anticipated that she will place it into a trust for their young son. Friends of X Factor star Cheryl have said she simply wants to do what's best for her son, just as Liam would have wanted.

"It is a small comfort that Bear will always be provided for, that he will benefit from that. Liam surrounded himself with wise people for a while, and his love for Bear was immense. He always wanted to ensure Bear's financial security," a source close to Liam shared with Mail Online.

Friends revealed to the publication that the singer was determined to secure his son's future, should anything happen to him.

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Following Liam's passing, Cheryl released a heart-wrenching statement, saying: "As I try to navigate this earth shattering event, and work through my own grief at this indescribably painful time, I'd like to kindly remind everyone that we have lost a human being.

"Liam was not only a pop star and celebrity, he was a son, a brother, an uncle, a dear friend and a father to our 7 year old son. A son that now has to face the reality of never seeing his father again."

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The renowned Girls Aloud singer continued: "What is troubling my spirit the most is that one day Bear will have access to the abhorrent reports and media exploitation we have seen in the past two days. It is breaking my heart further that I cannot protect him from that in his future.

"I am begging you to consider what use some of these reports are serving, other than to cause further harm to everyone left behind picking up the pieces.

"Before you leave comments or make videos, ask yourself if you would like your own child or family to read them. Please give Liam the little dignity he has left in the wake of his death to rest in some peace at last. Thank you, Cheryl."

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Liam and Cheryl became parents to Bear in 2017 but split up not long after his first birthday. Despite going their separate ways, they have both been dedicated to co-parenting, with Liam ensuring that his son was well looked after.

At the time of his passing, Liam's girlfriend, American model Kate Cassidy, who had disclosed their plans to marry, will not inherit anything from his estate. She was not named in any legal documents regarding his assets.

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Nevertheless, the influencer seemed unfazed as she took to Instagram to share a post with her 900,000 followers just hours later. Kate uploaded a photo showing the contents of her handbag, which included a Starbucks sandwich and hair extensions from Glam Seamless, accompanied by a playful caption: "What's in your purse? ? ? Mine: starbucks and @glamseamless."

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