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Aretha Franklin Estate Gets Tax Advice From Prince and Michael Jackson Estates

By TheBlast Staff

Aretha Franklin, Prince and Michael Jackson are all coming together — or at least their attorneys are — as the estate for the Queen of Soul works to figure out just how much she was worth.

According to court documents obtained by The Blast, the estate for Aretha Franklin is ready to clean out the singer's Michigan mansion and is asking a judge for permission to spend the money to have it appraised.

The rep for the estate says she needs to figure out how much Franklin’s music catalog is worth, along with the estimated value of her likeness and name.

The estate is also dealing with the IRS and needs to hire experts to argue how much they believe the estate to be worth (since the valuation will determine certain taxes that need to be paid).

The docs note about a specific expert they want to hire, saying, “The Estate has investigated this Expert based on the recommendation of the tax attorneys for the Prince Estate and the Michael Jackson Estate."

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They want to hire a woman named Lori Stefek to clean out Franklin’s main residence in Bloomfield Hills, Michigan and "to organize the personal property assets necessary for the preparation of an appraisal to be used before the Internal Revenue Service."

In the docs, it notes that they want to figure out the value of her memorabilia, including Grammys Awards, artwork, concert gowns, furniture decorative items, household items, clothes at her home.

The cleaner needs a $20,000 flat fee upfront for the garbage bags, trucks and other supplies.

Aretha Franklin died on August 16, 2018.


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