The late singer's estate, which includes assets such as electronics, firearms and vehicles, is estimated to be worth approximately $757,400, but the estate also faces a significant tax debt of over $77,000.
- Jun 25, 2024
AceShowbiz - Aaron Carter, once a teen pop sensation, left a complicated financial legacy following his sudden and tragic death. Nearly two years later, his estate continues to be evaluated and the intricate maze of debts and assets provide a glimpse into his tumultuous later years.
The late singer, found dead in his bathtub on November 5, 2022, at the age of 34, had an estimated estate worth $757,400 as of April 2023, according to court documents obtained by TMZ. However, this figure only represents a partial appraisal as several of his valuable possessions remain unappraised. These items include stored electronics, firearms, furniture, jewelry, vehicles and music royalty rights.
Despite the impressive valuation, Carter's estate is mired in debt. Court documents reveal that Wells Fargo filed a creditor's claim in January 2023, which has since been paid in full. Another significant debt arises from the State of California Franchise Tax Board, which initially assessed a tax liability of approximately $17,000. This amount was later increased to $77,310.92, though it remains unclear whether the estate has settled this bill.
In addition to these taxes, the estate faces a claim from Sterile Pros LLC., a biohazardous remediation company. The company asserts that Carter and his ex-fiancée Melanie Martin owe $33,598.70 for services rendered at their Lancaster home. This legal issue adds another layer of complexity to the already tangled financial affairs of the late singer's estate.
Another drama involved Aaron’s twin sister, Angel Carter, who initially sought to be appointed as the administrator of his estate. However, she settled her differences with Martin in January 2023, eventually agreeing to the appointment of a third-party administrator, financial consultant Aileen Federizo.
Perhaps the most poignant aspect of Carter's estate saga is the future of his young son, Prince. Aaron, who had no will at the time of his death, was urged by his attorney to create one shortly before his untimely passing. Without it, Prince will likely inherit whatever remains after all creditors are paid off. Aaron's family, particularly his ex-fiancée Martin, remain hopeful that his legacy will secure a future for his son.
Carter's tragic death was ruled an accidental drowning by the Los Angeles County Medical Examiner-Coroner, exacerbated by inhalation of difluoroethane, a gas used in compressed air canisters, and the ingestion of generic Xanax. Despite this ruling, his family has expressed doubts, citing suspicious text messages between Aaron and a drug dealer on the day of his death.
The evaluation of Aaron Carter's estate illustrates the complexity of his financial life and the challenges his survivors face. As his estate continues to be appraised and debts settled, only time will tell the final value and disposition of his assets.
