The former talk show host is currently in a conservatorship, though she's accused her team of mismanaging her finances.
By Alexandra Sakellariou
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| Wendy Williams |
Highlights
- Wendy Williams faces $568,000 in unpaid taxes for a NY condo she bought for $4.5 million in 2021.
- Federal authorities warn her to settle the dues promptly to avoid penalties and interest charges.
- Despite once earning $10 million a year, Wendy's financial problems were exposed in a recent documentary.
Wendy Williams may not have any control over her finances at the moment, considering she’s reportedly in a conservatorship as well as in-patient treatment following an aphasia diagnosis. But the former talk show host is reportedly experiencing a financial crisis, as new reports say she owes over $568,000 in unpaid taxes over her New York condo.
Legal documents filed earlier this year claim that Williams is facing a substantial tax debt for the property, which she acquired for $4.5 million in 2021. Federal authorities have issued a stern warning, urging her to settle the outstanding dues promptly to avoid potential repercussions, such as penalties and accrued interest charges.
Furthermore, court documents reveal that the federal government has been actively pursuing the collection of the overdue taxes for an extended period, making it all the more likely Wendy could face financial consequences for leaving the debt unpaid.
Despite once making $10 million a year for her synonymous talk show, Wendy’s ongoing. financial problems were exposed recent Lifetime documentary, "Where Is Wendy Williams?," which made its debut just last month.
Wendy’s money woes led to a court-appointed guardian stepping in to oversee her finances subsequent to her assertion that Wells Fargo had frozen her bank accounts back in 2022.
At the time, Wendy responded by taking legal action and initiating a lawsuit to release her funds. However, Wells Fargo countered, alleging concerns about her financial advisor's apprehension regarding her mental state, suggesting vulnerability to financial exploitation. Consequently, the court intervened, mandating Williams be placed under the guardianship of Sabrina Morrissey, who has been granted full authority over both Wendy’s financial affairs and health-related decisions. It’s unclear why Morissey has left the back due taxes unpaid despite the government warning.
Despite her family’s apprehension regarding Wendy’s well-being, they also lamented over being excluded from the legal proceedings, arguing her family had little involvement in the conservatorship now governing Wendy’s finances. The documentary depicted expressions of concern from her son, niece, nephew, and sister, all raising doubts about the individuals in Williams' inner circle. Furthermore, Wendy herself hinted at the possibility of financial mismanagement in a poignant scene.
Estimates say Wendy – who’s currently in an undisclosed treatment center
seeking treatment for her dementia diagnosis – is worth approximately
$500,000. Her team hasn’t formally responded to the allegations of
unpaid taxes, at least not publicly.
Full Article & Source:
Wendy Williams Owes $568,000 In Unpaid Taxes Amid Conservatorship, Health Crisis
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1 comment:
I am really torn about Wendy Williams. However, if she wants (wanted) her son to have the power to handle her finances and personal care, when needed, then that's what she should have gotten from the get-go.
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