The world is still mourning the loss of Ozzy Osbourne, who died five weeks ago at his home in the UK at age 75. Beyond the grief, his passing has raised questions about how his estate will be divided among his wife Sharon Osbourne and his six children. With property and assets spread across two countries, the family now faces a complicated probate process.
According to Hello! Magazine, the legendary rocker owned homes in both Los Angeles and Buckinghamshire. Because of this, both U.S. and U.K. tax laws could apply, which means a significant portion of Ozzy Osbourne’s net worth may be lost to inheritance taxes. Legal experts note that without careful planning, tens of millions could be taken before his family receives their share.
The Estate And Who May Inherit
At the time of his death,