The administrator of Aaron Carter’s estate revealed his estate is “insolvent” and unable to pay off tax debt he left behind, In Touch can exclusively report.
In Touch obtained the final report submitted by the administrator as part of Aaron’s probate case. Aaron died on November 5, 2022, at the age of 34.
The pop star was found dead in his bathroom at his home in Lancaster, California. An autopsy revealed Aaron had prescription pills in his system.
His cause of death was confirmed to be drowning after inhaling difluoroethane and taking alprazolam. In the filing, the administrator said she informed the IRS and State of California Franchise Tax Board of Aaron’s death.
The administrator said the State of California filed a creditor’s claim of $77,312.
She said, “This estate is insolvent and not able to pay said claim.” On top of that, she said the IRS said Aaron owes $46,116 for 2018 and another $118,000 for 2021.
The administrator said the debts continue to grow with interest and penalties. Other creditor’s claims filed against the estate included one by Wells Fargo for over $2,800, which was paid in full, and $19,000 by another company, which the administrator said was not timely filed and won’t be paid because the estate doesn’t have enough money.
The administrator said she did not believe there were any other creditors of the estate.
She said she had handled all debts and bills that she could with what Aaron left behind. She listed his total assets as $810,547. The amount dwindled after attorney fees and debts were paid off in the years since Aaron’s death.
The beneficiaries of the estate are Aaron’s son Princeton Lyric Carter, but there is not much to transfer to him at this time.
As In Touch first reported, earlier this year, the administrator told the court she planned on abandoning Aaron’s car collection including a 2021 Cadillac Escalade, a 2012 Bentley Continental, 1999 Yamaha, a 1967 Buick Riviera and a 2020 Cati Trailer.
The administrator alluded to the fact that there was confusion on what cars Aaron actually owned at the time of his death.
The administrator reached out to the DMV and LAPD for answers. The administrator said the Cadillac was a leased vehicle and repossessed after Aaron’s death. She said the estate should not be on the hook for any debt owed on that vehicle.
In regard to the Bentley, the administrator said she knew where the car was, but it was registered to a third party. The other vehicles were not able to be located, per the admin.
As In Touch first reported, Aaron’s brother Nick Carter fired off a subpoena as part of the probate case. In a filing earlier this year, the administrator revealed that one outstanding issue which was a subpoena that Nick sent over electronics Aaron possessed.
The administrator did not reveal Nick’s reasoning for seeking the electronics from the estate. The final report states the administrator sold off Aaron’s guns but did not make a profit. Other property was auctioned off for $14,000 profit.
The pop star’s home was also sold but only turned a $7,000 profit. As In Touch previously reported, Aaron’s ex Melanie Martin filed a wrongful death lawsuit on behalf of their son against Aaron’s doctors. The doctors have denied all allegations of wrongdoing.
