Aaron Carter’s estate is valued at staggering amount nearly two years after his tragic death at 34 – but tax bills may eat away at it

Nearly two years after his tragic death, Aaron Carter’s estate has finally received a preliminary appraisal.

The late singer – who was found dead on November 5, 2022 at the age of 34 – reportedly had a net worth worth somewhere in the high six figures. TMZ.

Court documents obtained by the publication estimate the value of Carter’s estate at $757,400 as of April 2023.

However, this estimate is likely an undervalue, as the documents show that several of Carter’s assets have not yet been appraised.

The former hitmaker – who feuded with his brother, Backstreet Boys member Nick Carter in his final years – also appears to be facing tens of thousands of dollars in tax bills, which could eat up a significant chunk of his estate.

Carter, who released his debut album before he was even a teenager, had an estate worth $757,400 as of April 2023. However, the estate may have large debts that need to be paid off; pictured in 2001

He also had claims against the estate of other creditors, although those issues may have already been resolved.

The documents show that Wells Fargo filed a claim against Carter in January 2023.

It is unclear how much the bank claimed to owe. It appeared to have been paid in full after that, so the claim was subsequently withdrawn.

Subsequently, the State of California Franchise Tax Board also filed a claim against Carter’s estate in May 2023, allegedly for unpaid taxes.

The Internal Revenue Service initially said Carter’s estate owed approximately $17,000, but the amount owed was later increased to $77,310.92, although it is unclear what explains the discrepancy.

The documents do not appear to clarify whether the tax liability has since been paid.

TMZ previously reported that Carter was not known to have a will at the time of his tragic death.

However, his young son Prince, whom he shared with his fiancée Melanie, would likely inherit his estate.

Carter was reportedly urged by his attorney to make a will shortly before his death, but his child would still be eligible to inherit his money — at least what’s left after all his debts are paid off.

The documents also show that more of the fallen singer’s belongings remain to be appraised, including electronics he has kept in safekeeping, along with a collection of firearms, his jewelry, furniture in his home and his vehicles.

Carter was found dead in a bathtub by a housekeeper. He was later determined to have drowned after inhaling a gas used in compressed air canisters and generic Xanax; his home in Lancaster, California, is pictured

Carter had feuded with his brother, Backstreet Boys singer Nick Carter (R), in the years before his death.

In addition to a debt paid off to Wells Fargo, Carter’s estate reportedly owes $77,310.92 in taxes. He died without a will, but his son Prince (pictured) will likely inherit what’s left after his debts are paid

Carter also received royalties for his music, which must also be calculated.

His estate hopes to complete the appraisal of his remaining properties by the end of 2024, the documents show.

Carter died on November 5, 2022, when he was found drowned in a bathtub by a housekeeper.

The Los Angeles County Medical Examiner-Coroner later ruled it an accidental death, determining that he drowned after inhaling difluoroethane, a refrigerant in compressed air canisters used for dusting, and after taking generic Xanax taken.