News

Aaron Carter’s Estate Hit With 5-Figure Demand After Son Princeton’s Modest Inheritance Was Exposed

Ryan Naumann

Published

on

GettyImages-461539596 Aaron Carter's Estate Hit With New Creditor Claim
Aaron Carter.

Aaron Carter’s estate was hit with a massive five-figure creditor’s claim days after revealing the late singer’s son Princeton Carter’s inheritance, In Touch can exclusively report.

On Tuesday, May 21, the State of California Franchise Tax Board filed an amended creditor’s claim against Aaron’s estate.

The filing, obtained by In Touch, accuses Aaron’s estate of owing a five-figure sum over taxes owed at the time of his death.

The breakdown of the debt owed is $13,744.76 (2018), $20,298.01 (2020), $34,158 (2021) and $18,905.92 (2022) for a grand total of $87,106.69. The claim noted “additional interest accrues” from now until the date of payment.

GettyImages-163057808 Aaron Carter's Estate Hit With New Creditor Claim
GettyImages-163057808 Singer Aaron Carter performs at Gramercy Theatre on March 3, 2013 in New York City. Aaron Carter.

The State of California Franchise Tax Board first filed a creditor’s claim in April 2023 for $17,092.31.

The board then amended the claim in early January to be $77,310.92. Now, the new claim has swelled by an additional $10,000.

As In Touch previously reported, Aaron died on November 5, 2022, at the age of 34. The only beneficiary to his estate is his son Princeton, who he had with ex Melanie Martin.

Recently, the administrator of Aaron’s estate submitted their final report in probate court. They explained the estate was “insolvent.”

The administrator noted the estate had also been hit with two creditor’s claims by the Internal Revenue Service for $195,000 in back taxes owed.

In the final report, the administrator explained they had not paid the various creditor’s claims over unpaid taxes due to the estate not having the funds. The administrator told the court it would not make sense to enter into a payment plan.

The report noted the assets to be distributed to Princeton were royalties worth an estimated $16,296 and personal property worth $6,120.

GettyImages-78930073 Aaron Carter's Estate Hit With New Creditor Claim
GettyImages-78930073 Nick Carter and Aaron Carter. Nick Carter and Aaron Carter.

The administrator noted, “The amount of royalties will not be received at one time but rather is due to be received over the course of at least 10 years.”

As part of the probate case, Aaron’s home was sold but only brought in $7,000 profit.

The report said the other personal property would not generate much if sold. In the filing, the administrator said she did not believe the IRS or Franchise Tax Board would come after the estate for the unpaid taxes.

She said she believed it would cost the agencies more to collect than beneficial. The administrator told the court Melanie, planned to file documents to be named guardian of Princeton’s estate.

The move by Melanie would allow her to be paid the inheritance on behalf of her son.

As In Touch previously reported, Aaron was found dead in the bathtub in the master bedroom at his home in Lancaster, California.

Officials determined his cause of death to be drowning after inhaling difluoroethane and taking alprazolam.

As In Touch previously reported, Melanie, on behalf of Princeton, filed a wrongful death lawsuit against Aaron’s doctor and dentist.

The doctor and dentist denied all allegations of wrongdoing and have moved to dismiss the case. Both motions are pending.

On top of that, as In Touch first reported, Aaron was recently dragged into his brother Nick Carters sexual assault legal battle.

The accuser demanded Nick, 45, turn over communications with Aaron related to her, but Nick denied any such documents exist.

Trending News

TV News4 days ago

NBC Staffers Reportedly Hoped Savannah Guthrie Wouldn’t Return Amid Tragedy: ‘You Can’t Trust Anyone’

Crime5 days ago

Josh Duggar Hires R. Kelly’s Attorney Amid Claims He’s Broke

News4 days ago

Candace Owens Slams Erika Kirk for Claiming She’s the ‘Sole Provider’: ‘Discounts Who Charlie Was’

Reality TV4 days ago

‘Secret Lives of Mormon Wives’ Star Jessi Ngatikaura ‘Extremely Unhappy’ With Her $25K Plastic Surgery

Celebrity News4 days ago

‘Below Deck’ Alum Sues Network for $633 Million Amid Sexual Harassment Allegations

Crime4 days ago

Ex-SWAT Chief Says ‘98 Percent’ of Deputies Gave Sheriff ‘Vote of No Confidence’ Amid Nancy Guthrie Search

Exclusive4 days ago

Meghan Markle Believes She’s ‘In the Same League’ As This Oscar-Winning Actress (Exclusive)

Exclusive5 days ago

Meghan Markle’s ‘Diana 2.0 Act’ ‘Sickens’ Prince William: ‘All About Boosting Her Image’ (Exclusive)

TV News4 days ago

‘Today’ Producers Reportedly Planning Savannah Guthrie’s Return: ‘There Have Already Been Meetings’

Reality TV4 days ago

Sister Wives’ Janelle Brown Remembers Son Garrison in Emotional Message 2 Years After His Death

TV News4 days ago

Savannah Guthrie’s Emotional Conversation With ‘Today’ Colleagues Revealed as Mom Remains Missing

Exclusive4 days ago

Royals Considering ‘Suing’ Sarah Ferguson to Stop Tell-All Book From Causing ‘Lasting Damage’ (Exclusive)