Kate Cassidy has taken to social media to share a seemingly carefree post after it was reported that the model will not be inheriting any of her late boyfriend’s fortune
Kate Cassidy has ended her silence on social media since it emerged she would not inherit a penny of Liam Payne’s £24million fortune.
Liam tragically died in October last year at the age of 31 after falling from a hotel balcony in Buenos Aires. Five people were initially charged over his death, however three of them have now had the charges dropped including Liam’s friend Roger Nores.
Liam’s estate was valued at a hefty £28,595,000, and later slimmed down to £24,280,000 post debts and bills. According to court documents filed on May 1, with Payne having died without a will, his ex Cheryl Tweedy, who shares an eight year old son named Bear with him, has been tasked with handling his assets. Music lawyer Richard Bray was also named as an administrator.
Under UK intestacy rules, Liam Payne’s son, Bear, is poised to inherit his late father’s wealth in a trust. A source confided to The Mail’s Katie Hind, “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. It is a small consolation that Bear will never want for anything, that he will at least benefit from that.”
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It seeems Kate, the American model who dated the late One Direction singer for two years, will not getting a penny of inheritance from Liam. Kate has shared a seemingly light-hearted Instagram post just hours after it was revealed Liam tragically died without leaving a will.
Kate shared with her 900,000 followers a snap revealing her bag’s contents – a Starbucks snack and hair extensions – with the cheeky caption: “What’s in your purse? ? ? Mine: starbucks and @glamseamless.”
In the days before Payne’s untimely passing, his 24 year old girlfriend Cassidy was by his side. Stricken with grief yet active on social media, she recently posted glamorous shots from her time at the Miami Grand Prix. Cassidy turned heads with her bold black faux-leather top, casual denim shorts, and a striking red Ferrari cap.
A fan’s comment on her photo of a rainbow – “Liam showing up through the rainbow.” – had Cassidy responding with heartfelt affirmation: “He had to say hello.”
She has previously spoken about other signs she believes the late singer has sent her as she navigates the grieving process. One included a note she found at the bottom of her bag bearing a crown and the numbers “444”. Cassidy wrote: “Sign for today. [I] was cleaning out my purses and found this note at the bottom of one.”
Liam’s estate was published under a limited Ad Colligenda Bona grant – typically used during the sale of property shortly after someone’s death when the estate hasn’t been fully settled.
Cheryl and Liam’s son, Bear, was born at the Chelsea and Westminster Hospital in London on March 22, 2017. Announcing the birth of his only son at the time on Instagram, Liam posted: “My close friends and family know there are very few times when I’m left speechless… wow!”
Liam and Cheryl went their separate ways soon after Bear’s first birthday, but the pair continued co-parenting and even though the singer wasn’t with his son constantly, he always made sure he was provided for. According to some of Liam’s friends, the superstar made arrangements “some years ago” to ensure his money would go to his only child in the event of his death.
An insider previously 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. It is a small consolation that Bear will never want for anything, that he will at least benefit from that.”
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