Monday, July 2, 2018

Glenn Campbell Estate "Paralyzed"


By Walter F. Roche Jr.

Warning that federal deadlines are approaching, the interim administrator of the estate of famed singer Glen Campbell is asking a judge for additional powers so he can hire accountants and other experts to estimate the future value of royalties and other assets.
In a motion filed today in Davidson Probate Court in Nashville, Tenn., lawyers for Stanley B. Schneider, Campbell's longtime publicist, said even though the estate was filed nine months ago, administrative duties have been paralyzed by the limited powers set by the court in February.
Stating that Schneider's duties are now limited to collecting money paid to the estate and making mandatory non-discretionary payments, the petition asks Probate Judge David "Randy" Kennedy to schedule a hearing later this month on the expanded duties request.
Campbell died on Aug. 8 of last year following a years long battle with Alzheimer's Disease.
His will, filed by his wife Kimberly, specifically excludes three of his children who are now challenging the will.
Schneider's petition states that the will contest is another factor in the delay in meeting tax filing deadlines.
"The potential will contest prevents any typical estate administration activities," the motion filed by Andrea Sinlair states.
According to the motion, the original deadline for filing an estate inventory was May 8, but a six month extension will expire Nov. 8.
Stating that experts are needed to assess the value of future royalties and other estate assets, the petition asserts that Schneider now lacks the power to hire or pay needed assessors and accountants.
"A filing (by the deadline) is critical to ensure that the deceased spouse's unused exclusion amount be transferred to Mrs. Campbell," the petition states, referring to a prior motion filed on Kimberly's behalf.
Schneider's petition also asks the court to order those contesting the will to certify the will contest "so that he can form an expectation of how long he will be required to serve."
Contact: wfrochejr999@gmail.com

No comments:

Post a Comment