It was widely believed that Booby, now eight, and Freddie, now seven, would benefit from a £3million trust.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.
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.’
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The remaining inheritance should cover Freddie and Bobby’s school fees but there will be little remaining.