It's been a year since the One Direction star Liam Payne died aged 31 after falling from a third-floor balcony while staying at the CasaSur Palermo Hotel in Buenos Aires, Argentina. The Strip That Down singer, who shares eight-year-old son, Bear, with Cheryl, left behind £24.3million.

His estate totalled £28.6million, which was reduced to £24.3million after expenses and debts were settled. Cheryl, along with music lawyer Richard Bray, was named as an administrator of Liam’s estate after he died without writing a will.

Under UK inheritance laws, a person's spouse is the first to claim any money following their death, followed by the deceased's child. However, as Liam was never married to Cheryl or his girlfriend of two years, Kate Cassidy, his son has inherited his fortune.

READ MORE: How did Liam Payne die? All unanswered questions one year after One Direction star's fatal fall

READ MORE: Cheryl makes rare appearance days before Liam Payne's tragic death anniversary

Cheryl is said to be looking after her son's inheritance from Liam until he is older, but managing the estate has come with its challenges. "The logistics of managing an estate without a will are incredibly stressful. Cheryl is still working through everything and thinks she will be for years to come," a source toldHeat earlier this year.

They added: "Yes, the money means Bear will be looked after for life financially, but she also knows money can bring out the worst in other people. She wants to protect him as best she can, but some days, she feels as though she doesn’t know where to start. She’s feeling so overwhelmed."

Friends of Cheryl also shared that she just wants to do the right thing for her son, just like Liam had done. "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," a source close to Liam told Mail Online.

Other friends told the publication that the singer was adamant about making sure his only son would be well looked after if anything happened to him.

While Liam had been in a relationship with Kate Cassidy at the time of his death, she isn't set to receive anything, although the lack of a will means that Kate could submit a claim.

Craig Ridge, of probate law firm Higgs, told Mail Online: "Under UK law, individuals who were financially dependent on the deceased may have grounds to claim reasonable financial provision, even if they are not married.

"This means that his girlfriend, Kate Cassidy, could potentially be considering a claim." However, Craig added that such claims are "complex and subject to many legal conditions and evidential requirements."

In addition, Liam's £3.2 million mansion in Buckinghamshire was put up for sale a month before his death and remained on the market for around a year. It was then mysteriously taken off the market earlier this year, without any details indicating whether it had been sold.