Aaron Carter’s estate finally has a tentative valuation nearly two years after his tragic death.
The late singer, who was found dead at age 34 on November 5, 2022, had an estate valued somewhere in the six figures, according to TMZ.
Court documents obtained by the publication estimate the value of Carter’s estate at $757,400, as of April 2023.
That estimate is likely an underestimate, however, as the documents note that several of Carter’s belongings have not yet been appraised.
The former hitmaker, who feuded with his brother, Backstreet Boys member Nick Carter, in his later years, also appears to have tens of thousands of dollars in tax bills owed, which may eat up a significant portion of his heritage.
Aaron Carter’s estate has already been valued, according to court documents obtained by TMZ. The singer died on November 5, 2022, at the age of 34; photographed in February 2022 in Las Vegas
Carter, who released his debut album before he was even a teenager, had an estate worth $757,400, as of April 2023. However, the estate may have large debts to pay; photographed in 2001
He also had claims against the estate of other creditors, although those issues may have already been resolved.
The documents reportedly indicate that Wells Fargo had filed a claim against Carter in January 2023.
It is unclear how much the bank claimed it was owed; it appeared to have been paid in full after that, so the claim was subsequently withdrawn.
Then, in May 2023, the California State Franchise Tax Board also filed a claim against Carter’s estate, presumably for unpaid taxes.
The tax board initially said Carter’s estate owed about $17,000, but the amount owed was later increased to $77,310.92, although it is unclear what caused the discrepancy.
The documents do not seem to clarify whether the tax obligation has been met since then.
TMZ previously reported that Carter was not known to have a will at the time of his tragic death.
However, his young son Prince, whom he shared with his fiancée Melanie, would likely inherit his estate.
Carter was reportedly urged by his lawyer to make a will shortly before his death, but his son would still be in a position to inherit his money, at least whatever is left after all his debts have been paid.
The documents also indicate that there are more of the fallen singer’s possessions to be appraised, including electronic devices he kept in storage, along with a collection of firearms, his jewelry, furniture in his home and his vehicles.
Carter was found dead in a bathtub by a housekeeper. It was later determined that he had drowned after inhaling a gas used in compressed air canisters and generic Xanax; Pictured is his home in Lancaster, California.
Carter had feuded with his brother, Backstreet Boys singer Nick Carter (right), in the years before his death.
In addition to a debt paid to Wells Fargo, Carter’s estate allegedly owes $77,310.92 in taxes. He died without a will, but his son Prince (pictured) will likely inherit whatever is left after paying off his debts.
Carter also received royalties for his music, which will also need to be calculated.
His estate expects to finish valuing the remaining property by the end of 2024, the documents state.
Carter died on November 5, 2022, when a housekeeper found him drowned in a bathtub.
The Los Angeles County medical examiner later ruled it an accidental death and determined that he had drowned after inhaling difluoroethane, a refrigerant contained in compressed air canisters used for dust removal, and taking Xanax. generic.
