Campbell Estate Estimate Excludes Some Royalties

By Walter F. Roche Jr.

A court appointed administrator for the estate of the late singer Glen Campbell has come up with a partial preliminary estimate that is but a small fraction of the previous estimates of its value.
In a four-page filing in Davidson Probate Court in Nashville, Tenn. Stanley B. Schneider set the estimated estate assets at $410,221. Prior estimates of Campbell's total estate value totaled some $50 million.
The estimate excludes future income rights from royalties. "Appraisal needed," the report states.
Schneider served as Campbell's accountant and later as his manager. He was appointed "administrator ad litem" in February by Probate Judge David "Randy" Kennedy.
Three of Campbell's children already have served notice that they are contesting Campbell's will which specifically excludes them from any share of his estate.
Campbell died on Aug. 8 of last year following a long battle with Alzheimer's Disease. His will names his wife Kimberly as executor. She and his five remaining children are listed as beneficiaries.
The Schneider inventory lists two bank accounts with a combined total of $959. The largest single item is a 50 per cent stake in the AZPB Limited Partnership. Its value is set at $296,164. A 100 per cent stake in Glen Campbell Music Inc. is listed with a $25,110 value while a 50 per cent interest in the AZ Baseball Broadcast Holdings is valued at $3,464.
Prior court filings show Campbell held an ownership interest in the Arizona Diamondbacks.
The filing also lists Glen Campbell Music Inc. valued at $25,110 while Glen Campbell Enterprises is listed with a $84,524 value. Campbell was the 100 per cent owner of both of those entities.
Schneider, who was also charged with keeping track of royalties paid to the estate, listed $42,448 in payments between Aug. 8, 2017 and April 20, 2018.
He said an additional $76,000 in royalties was owed to the estate while checks totaling $1,776 were awaiting deposit.
A payment of $14,246 is expected as a settlement on an insurance claim for water damage on a California property.
Schneider listed debts of $118,200 including an estimated $107,000 in state and federal income taxes and $71,000 in legal fees.
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