Following Aaron Carter’s death nearly two years ago, his estate is currently undergoing a valuation process, bringing clarity to his financial assets after his death. He died on November 5, 2022, at the age of 34.
- Michael J. Fox Reacts to His Performance of ‘Fix You’ with Coldplay at Glastonbury Festival 2024
- Avian flu in India: Golden rules, symptoms, causes and prevention by WHO
- Dubai’s dark secret: The shocking truth behind the “Porta Potty” trend in Dubai
- Top 10 Most Handsome Korean Actors in 2024
- Decoding annoying habits: Your pet’s guide
The male singer’s assets are valued at up to six figures.
You are watching: Aaron Carter’s assets are valued at staggering levels after his death, family faces harsh reality about its value
The “I’m All About You” singer met a tragic death when his diligent housekeeper discovered him submerged in a bathtub. After a thorough investigation, the Los Angeles County Medical Examiner-Coroner ruled his death a tragic accident.
It was further revealed that Carter tragically drowned due to inhaling difluoroethane, a refrigerant commonly found in compressed air canisters for cleaning, and also due to the use of the generic drug Xanax.
In legal filings acquired by Radar Online, Carter’s total assets were estimated to be worth $757,400 as of April 2023.
The current assessment may underestimate the total value of Carter’s assets, as the items are pending appraisal as outlined in the filing. However, the estate could face significant tax liabilities, which could reduce a significant portion of his assets.
See more : Father’s Day Activities 2024: Fun and memorable activities to honor Dad
In addition to facing compensation claims from various creditors, there are also unresolved issues surrounding the land.
Wells Fargo reportedly filed a claim last year over unpaid invoices from Carter’s account. Although the amount owed to the bank was not specified, it was fully settled and the claim was later withdrawn.
In May 2023, the California Franchise Tax Board took action by placing a claim against Carter’s estate, possibly for unpaid tax liabilities.
READ ALSO: Aaron Carter’s doctor claims singer’s ex failed to provide information in wrongful death case
Initially, the tax board claimed that Carter’s estate had a balance of about $17,000. However, this figure was later revised to $77,310.92, leaving uncertainty as to the reason behind the significant increase.
It is currently unclear from the available documents whether the tax liability has been settled or not.
See more : Mystery woman dancing with Miranda Lambert’s husband in viral video says interaction was ‘innocent’
Carter had no will at the time of his untimely death.
Before his death, Carter’s lawyer reportedly advised him to make a will, ensuring that his son Prince, born to Melanie, would inherit his estate. Despite all the debts that had to be settled, Prince still took on the remaining portion of his father’s assets.
Records show there are additional items belonging to Carter that still need to be evaluated. These items included stored electronic devices, a selection of guns, his jewelry, the furniture in his residence, and his various vehicles.
In addition to music, Carter also earns income from royalties, which must be factored into the calculation.
His goal is to complete the valuation of the remaining assets by the end of 2024.
READ MORE: Aaron Carter’s posthumous album dropped: ‘Recovery’ release date, unreleased tracks, every detail revealed
© 2024 MusicTimes.com All rights reserved. Do not copy without permission.
Source: https://anhngunewlight.edu.vn
Category: Blog