“Britney Spears, the 39-year-old singer who's in the midst of a conservatorship battle, announced that she was getting married on social media. She received plenty of congratulations, but also got some advice on prenuptial agreements—some which came from Academy Award-winning actress Octavia Spencer.
Yahoo Entertainment’s recent article entitled “Britney Spears's fans urge her to 'get a prenup' — and fiancé Sam Asghari responds” says that many people are urging her to sign the agreement. This document states what happens to property in the event of a divorce. The outcry for a prenup led Asghari to acknowledge the pleas. The 27-year-old actor, model and fitness pro is the one entering the marriage with less wealth than the international pop star. In addition, Britney has allegedly seen her fortune — now worth $60 million — dissipated under the conservatorship run by her father.
"Thank you to everyone who is concerned about the prenup," Asghari wrote on Monday. "Of course, we're getting [an] iron-clad prenup to protect my Jeep and shoe collection in case she dumps me one day."
He also acknowledged the supportive comments. In another post, the actor said, "My phone exploded today! Thank you for the overwhelming love and congratulations! We both love [every] single one of you."
Britney began seeing Asghari after they met in 2016 on the set of her "Slumber Party" video. The 27-year-old actor has been supportive, as she's battled for control of the conservatorship she's living under since 2008.
In her June testimony, in which she claimed conservatorship abuse, she told the court: "I'm not able to get married or have a baby" under the conservatorship. "I have a IUD inside of myself right now, so I don't get pregnant. I wanted to take the IUD out so I could start trying to have another baby. But this so called team won't let me go to the doctor to take it out because they don't want me to have any more children."
Britney recently thanked Sam for being "with me through the hardest years of my life."
Britney has been married twice. She eloped with childhood friend Jason Alexander in 2004 after a weekend bender. There was no prenup. The same year, she married Kevin Federline, with whom she shares two sons Sean Preston and Jayden James. They divorced in 2007.
In 2010, she was engaged to her agent, Jason Trawick, from 2011 to 2012. However, he has denied that they secretly married.
Reference: Yahoo Entertainment (Sep. 13, 2021) “Britney Spears's fans urge her to 'get a prenup' — and fiancé Sam Asghari responds”
The IRS said that Aretha Franklin’s estate owed more than $7.8 million in unpaid income taxes, interest and penalties from 2010 to 2017.
The Detroit Free Press’ recent article entitled “Aretha Franklin estate reaches deal with IRS to pay off claimed $7.8 million tax debt” reports a big breakthrough. It seems that Franklin’s four sons and the IRS have reached a settlement that would expedite the payment of the remaining tax burden and allow her sons access to some of the money from their late mother’s fortune.
Aretha’s heirs have not yet inherited anything from the estate because of the IRS situation.
In a petition filed February 19 in Oakland County Probate Court, the estate said the proposed arrangement includes an immediate $800,000 payment to the IRS. This is despite the fact that the estate continues to question the total tax bill owed.
Since her death, Franklin’s estate has been steadily paying on the tax debt, as well as the constantly growing interest, as it appeals the IRS’s claimed total. As of December 2020, the balance was $4.75 million.
The new petition says the final IRS bill will be determined “by agreement or litigation.”
The agreement between the estate and the IRS details the way in which Aretha’s posthumous revenue will be distributed, until the tax debt is resolved. Backdated to January 1 of this year, it includes new income from song royalties, licensing agreements and other money streams. This agreement states that 45% of quarterly revenue will go toward the existing IRS balance. 40% would also be earmarked for an escrow account to deal with the taxes due on the newly generated income. The other 15% of revenue would be used for managing the estate.
The agreement also provides an immediate $50,000 payment to each of Franklin’s four sons and approves quarterly cash payouts to them. This proposed deal, authorized by 10 attorneys representing the sons, was submitted to the court by attorney Reginald Turner. The Detroit lawyer and incoming American Bar Association president was appointed last year as temporary personal representative of the Franklin estate. The agreement has to be approved by Judge Jennifer Callaghan to be executable.
Franklin died in August 2018, after a long battle with cancer.
Reference: Detroit Free Press (March 1, 2021) “Aretha Franklin estate reaches deal with IRS to pay off claimed $7.8 million tax debt”