Saturday, October 1, 2011

Jade Goody's sons left with £400,000 after tragic reality star's fortune swallowed by £1.8million debts

By Daily Mail Reporter


Little left: Jade Goody's sons have been left just a small portion of her once £2.2million fortune after debts swallowed most of it


Jade Goody's sons have been left with a small portion of her fortune after it was swallowed up by a staggering £1.8million in debt, it has been reported.

The reality star's children Bobby, eight, and Freddie, seven, are set to inherit less than £400,000 - a far cry from the £3million their mother believed she had left them with.

Goody, who died aged 27, expressed her wish to provide for her beloved sons but was seemingly unaware of the enormous tax, mortgage and other fees she owed.


The Sun has reported that the former Big Brother star did not pay tax for four years before her death on Mother's Day 2009, and owed the Inland Revenue £585,000.

The mortgages on her three Essex properties were in arrears £170,000, the paper claims, while she owed over £1million on an array of other car payments, lawyers, agents and accountants' fees.

All of this combined has eaten away the majority of Goody's £2.2million fortune.

Inheritance: It was widely believed that Booby, now eight, and Freddie, now seven, would benefit from a £3million trust

Before her death, Jade said: 'Everything I have, my houses, my money, is going to my sons. I always wanted my family to have what I never could, no matter what it might cost.'

At the time it was widely reported that Jade's sons would benefit from a £3million trust, but it is not to be.

'Sadly, because she lived her life in such an erratic, chaotic way, she never thought about her accounts, like a lot of celebrities,' a source told The Sun.

'"They have had to go through all her receipts for the past four years of her life and it has wiped out the boys' inheritance.'

Debts: Over £1.8million has been wiped from the children's inheritance through mortgage, tax and various other debts

The remaining inheritance should cover Freddie and Bobby's school fees but there will be little remaining.

Jade became an overnight star after appearing in Big Brother in 2002. She also appeared in Celebrity Big Brother in 2007 and appeared in her own reality series.

Goody also made money through her own fragrances and male-only salon.

The boys live with their father Jeff Brazier, while Jade's husband Jack Goody was left out of her will.

Tragic: The reality star passed away in 2009 at the age of 27


source:dailymail

0 comments:

Post a Comment

Note: Only a member of this blog may post a comment.