Ozzy Osbourne's family could lose millions as will finally 'exposed'

Ozzy Osbourne's family could lose millions as the Black Sabbath frontman's estate is analysed and divided appropriately. The 76-year-old rocker died surrounded by his family on July 22 at his home in Buckinghamshire, England. The musician famously battled with Parkinson's disease following his diagnosis in 2003, which he only revealed in 2020.

Now, estate planning attorney at Alper Law, Gideon Alper, has warned the grieving family that they could be at risk of losing millions in tax. At the time of his death, Ozzy is believed to have owned two homes, one in the US and one in the UK, which could complicate matters when it comes to settling his estate.

It is understood he was the proud owner of a lavish Buckinghamshire estate and an eight-bedroom home in Hancock Park in the heart of Los Angeles.

Speaking to Hello magazine, the estate attorney explained how owning a property on either side of the Atlantic may affect what the family will gain from his will.

He explained: "Ozzy lived in both Birmingham and Beverly Hills - which means two governments could be lining up for a share of his fortune." But how much of Ozzy's fortune could be scooped up by governments in taxes?

Gideon explained: "In the US, estates worth more than $14million (£) face federal estate tax. In the UK, inheritance tax can hit 40 per cent once you're above £375,000. Without airtight planning, that's tens of millions gone before the family sees a penny."

Since his death, the musician's will has caused a flurry of speculation online. Some claim that his wife, Sharon, and their four children should divide the money equally. Meanwhile, others suggest that Ozzy's older children could be entitled to a payout, too.

Adam Jones, a family legal specialist from HD Claims, explained that Ozzy's blended family could cause a stir if tensions rise over the will. He told the outlet: "If even one of Ozzy's older children feels left out or short-changed, it could trigger a full legal challenge."

Sharon previously discussed her husband's estate and her own inheritance plans during a chat on The Talk in 2020. She said, "I just know that my husband's body of work, that's written, and kept us all in the lifestyle that we love, goes to my children.

"I don't want someone that never met my husband owning his name and likeness and selling T-shirts everywhere and whatever. No, it stays in the Osbourne family."