Saturday, July 14, 2018

Daughter Demands Accounting in Campbell Estate


By Walter F. Roche Jr.

A daughter of the late Glen Campbell wants a judge to order a complete accounting of payments to and from a previously undisclosed bank account now owned by the singer's widow, Kimberly.
In an eight-page filing this week, Debby Campbell-Cloyd said she only learned of the account after the temporary administrator of her father's estate filed an amended request for expanded powers.
In the same filing the administrator, Stanley B. Schneider, also disclosed that all royalty and related payments for the late singer have been deposited into that same account even after his death. It had been a joint account previously.
Campbell-Cloyd "asserts that the administrator ad litem should not be depositing any royalty payments made to Mr. Campbell in any account other than the account for the estate of Glen Campbell he was authorized and ordered to do so," the filing states.
While Schneider had asserted that he lacked the authority to redirect the money, Cloyd-Campbell asserted, "To the extent he failed to do so, the court should order the administrator as litem to deposit all funds made payable to Mr. Campbell or the estate of Mr. Campbell into the estate account."
The filing is the latest skirmish over the estate of the singer who died on Aug. 12 of last year. Three of Campbell's other children already have filed notice that they are contesting the will filed in the case. That document specifically excludes the three from receiving any benefits. The will was filed in Davidson Probate Court in Nashville, Tenn.
The Campbell-Cloyd motion, filed by attorney R. Frank Horton, also asks Probate Judge David Randy Kennedy to order Schneider to promptly account for all payments to or from the account.
The daughter's motion also disputes the claim by Schneider and his attorneys, that the limited power he has been granted thus far has "paralyzed" the estate.
Schneider, her filing continues, "should not be excused from complying with the statutes and rules of practice applicable to his administration of the decedent's estate."
Schneider, in his filing, noted that he and his firm had been handling the Campbell's finances for nearly 30 years and that under a "longstanding arrangement" he held a power-of-attorney on the joint account.
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