Aaron Carter’s 3-year-old son, Princeton Carter, will receive assets worth a modest five-figure sum as his inheritance due to the late pop star not having a ton of assets when he died, In Touch can exclusively report.
The administrator of Aaron’s estate filed a report, obtained by In Touch, on Monday, April 14. In the report, it was revealed that the administrator rejected several creditors’ claims over alleged debt owed by Aaron.
As In Touch first reported, Aaron’s estate was declared “insolvent” by the administrator back in December 2024.
The estate was hit with a claim by the State of California for $77,312, a claim by the IRS for $46,116 and another claim by the IRS for $118,000.
Other claims included one by Wells Fargo for over $2,800, which the administrator paid in full, and one for $19,000 that was rejected.
In the recent filing, the admin explained she rejected the claims by the State of California and the IRS. She said, “No effort has been made to negotiate liabilities owed” due to back taxes.
She explained that due to the estate being “insolvent,” it wouldn’t make sense to enter into a payment plan over the debt.
The administrator explained the assets to be distributed are “small in value” and questioned if the IRS and Franchise Tax Board would try to seize the money.
She said the non-cash assets refer to royalties appraised at $16,296 and personal property appraised at $6,120.
The filing 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.”
The administrator said she did not believe the IRS would try to collect on the “small increments of funds” due to it costing them more to collect than beneficial.
The administrator said Aaron’s ex Melanie Martin plans to file a petition to be appointed as guardian of Princeton’s estate, which would allow the inheritance to be paid to her on behalf of their son.
The filing revealed Princeton will receive the $16,296 in royalties and the additional $6,120 in personal property.
She noted, “The remaining personal property items, if sold, would likely not generate much for the estate.” As part of the estate, the administrator sold off Aaron’s guns. However, they did not make $14,000 selling other items.
The entertainer’s home was also sold but only brought in $7,000 profit. The judge has yet to sign off on the estate being closed or the money being paid out to Princeton. As part of the estate, Aaron’s older brother, Nick Carter, fired off a subpoena over electronics the late pop star possessed.
As In Touch previously reported, Aaron died on November 5, 2022, at the age of 34.
He was found dead in the bathtub in the master bedroom at his home in Lancaster, California.
His cause of death was confirmed 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 have denied all allegations of wrongdoing and both filed motions to dismiss the case. The lawsuit is ongoing.
