Aaron Carter’s Estate Declared Insolvent, Unable To Pay $241K Debt

Aaron Carter’s Estate Declared Insolvent, Unable To Pay $241K Debt

Two years after his death, Aaron Carter’s estate has reportedly been declared insolvent, informing the court it’s unable to cover the late singer’s $241K tax debt.

Documents obtained by In Touch reveal that despite selling off many of Aaron’s assets, including his home and car collection, the estate has been unable to recover due to mounting interest, penalties, and ongoing legal disputes.

Despite reportedly leaving behind $810,547 in assets, the administrator stated that the IRS claims Aaron owes $46,116 for 2018 and another $118,000 for 2021, which the estate can’t cover.

 

View this post on Instagram

 

A post shared by the Jasmine BRAND (@thejasminebrand)

It’s also noted that, as a result, little remains to be transferred to his son, Princeton.

Aaron tragically passed away in 2022 at the age of 34 after inhaling difluoroethane and taking alprazolam, leading to his drowning in the bathtub of his California home.

It has not been reported whether a judge has responded to the filing at this time.

Thoughts? Tell us in the comments below! 

[VIA]