I think Liam was probably a bit too chaotic to even think about a will, and I don't mean that in an unkind way, it just is what it is. It's quite shocking to me that he got that far into his career without someone sitting him down and making him do it, but here we are.
Liam Payne #6
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Happens so much with celebs it's crazy they don't have people advising them better or perhaps they do they just want to ignore it
Cheryl cannot give any if Liam's money to the family it isn't allowed. They would only get money if they could made a claim under the 1975 Act against the estate if they could prove that Liam was maintaining them in some way.
I guess it's likely that by passing away intestate, his copyrights and royalties would be included in the estate as well?
So apart from his own solo stuff, it's likely Bear would receive 1/5 or 1/4 I guess depending on the song, of any royalties, maybe more if it's a song Liam co wrote, alongside owning 1/5 of the copyright to the 1D name.
I don't think they will at any point, but if they did decide to spontaneously reunite anytime over the next decade, would that now be reliant on the agreement of Bears estate too since he owns an equal portion of the copyright?
So apart from his own solo stuff, it's likely Bear would receive 1/5 or 1/4 I guess depending on the song, of any royalties, maybe more if it's a song Liam co wrote, alongside owning 1/5 of the copyright to the 1D name.
I don't think they will at any point, but if they did decide to spontaneously reunite anytime over the next decade, would that now be reliant on the agreement of Bears estate too since he owns an equal portion of the copyright?
Just emphasizes what a sad situation this is. The money isn't important, that little boy lost his daddy.
I think there might be other people who get a cut but from what I've just looked up, they set up 1D Media when Zayne left the band so he would still get his cut from the music they'd already made.
Liam was removed as a Director of the company in February.
Agree, it's too easy to say oh they barely saw each other etc, as they clearly still had some sort of relationship, which seems like the wider family worked hard together to keep positive and healthy.
Imagine at 7 years old finding out Daddy is moving to America, a lot to still process for a child no matter how much you're assured he can fly back and visit regularly etc.
Then within weeks or months finding out he's died?
Obviously I don't know him at all, and I could be totally projecting as I lost a parent about the same age, but when I think about how he must feel, I feel genuinely sad for the poor boy.
He could be as rich as Musk, Bezos and Gates combined, but that still wouldn't bring Liam back, nor could money make him well whilst he was here.
And he still has the hardest hurdle to face, finding out about his dad's final hours, including that people were so disrespectful they photographed his body and then sold it for half the world to see
I think Liam was probably advised to write a will, but thought I’m only 31, I’ll do it later. I don’t think anyone of his age, regardless of income and regardless of chaotic lifestyle, expects to die.
Did Amy Winehouse leave a will, I wonder? Or did her grasping daddy get it all?
RIP Liam, I hope you’re still around in some form and looking out for your boy.
Did Amy Winehouse leave a will, I wonder? Or did her grasping daddy get it all?
RIP Liam, I hope you’re still around in some form and looking out for your boy.
She didn't have one, all went to her parents
I guess it shows no matter how much money you have, it doesn’t stop you from not getting round to some life admin tasks like sorting your will out, especially when you are young and/or have poor mental health too. It’s not something you can actually outsource because it’s only you that can make the decisions required of a will. I bet rich people outsource a lot of other stuff so perhaps struggle with taking on something for themselves!
On the CEO podcast he did I'm sure he talked about struggling to go to petrol/gas stations to fill up his car and do normal tasks such as that due to anxiety and agrophobia. So I wonder if he struggled to do paperwork tasks like that or maybe thought he was already done in past as he probably signed lots of paperwork over the years and forgot it wasn't done?
People regularly put off making a Will when it is one of the most important documents you will ever make. People don't understand the law and don't understand the importance of taking proper legal advice in this area.
I'day it's likely he intended it all for Bear anyway, from what he said himself, and he regularly sang her praises as a mother, I'd be surprised if there is an afterlife if Liam would feel aggrieved by Cheryl effectively caretaking the money for him until he is of age. No matter what the press are trying to imply it's essentially a responsibility for Cheryl and not a privilege to her personally.
From what they've shown so far, the Paynes seem very genuine, have made no attempt to cash in on Liam's success, and have actively maintained a relationship with both Cheryl and Bear throughout, even in Liam's own absence, and if Geoff's statement is correct eventually supported Liam's own contact with him.
Even if Cheryl could offer them a portion, I reckon the most likely outcome would have been a polite refusal.
From what they've shown so far, the Paynes seem very genuine, have made no attempt to cash in on Liam's success, and have actively maintained a relationship with both Cheryl and Bear throughout, even in Liam's own absence, and if Geoff's statement is correct eventually supported Liam's own contact with him.
Even if Cheryl could offer them a portion, I reckon the most likely outcome would have been a polite refusal.
Allegedly, Cheryl is putting everything in trust until Bear is 25. I genuinely believe that is the smartest, kindest thing to do. I think allowing him the extra time to mature before he's given that kind of wealth is extremely wise.
She can't do that. He inherits it all, outright at 18 per the intestate rules.
Yikes. I truly think that's very sad. It would be different if he was hurting for money, but he won't be, will he? That's such a frightening amount of money for someone at that age.
I'd be worried sick if I were her.
I just wrote a massive post explaining why someone with ADHD would struggle with writing a will and have substance abuse problems. Then, in true ADHD fashion, while I was reading back through it to make sure it wasn't a complete me-rail and was actually still relevant to the topic because goodness me, getting a telling off would be the end of the world I accidentally clicked a Tattle ad and lost the whole thing.
Non-ADHD answer: Paperwork bad. Don't like people being mad at me. If brain is malfunctioning, action only happens when anxiety becomes overwhelming or someone confirms they're mad at me. You're correct that he would have struggled with it, and/or forgotten he hadn't done it, or made up an imaginary rule that meant he could keep putting it off.
And on that note, I'm off to make the stew I was really excited about an hour ago but forgot about because I got distracted by this thread.
She can only hope he has good people around him, accountants etc to advise on how best to spend it. I think considering he's kept out the public eye and already will have a pretty comfortable life he won't go crazy with it. But I suppose we've all been on benders at 18 eh
I hope he doesn’t get targeted by freeloaders when he hits his teens. I can imagine other teenagers wanting to be his friend because he’s going to be extremely wealthy when he’s 18. He’s not going to know who his real friends are.
I’m pretty sure his mum, grandparents and aunts and uncles will be supportive in keeping him grounded.There are celebrity offspring who haven’t gone off the rails, I’m hoping
is one of them.