Thursday, November 29, 2018

Campbell Estate Estimate Doubles


By Walter F. Roche Jr.

The estimated value of the estate of Glen Campbell has more than doubled but it is still well below early unofficial estimates.
In a report filed Thursday in Davidson Probate Court, Stanley B. Schneider, the interim administrator, put the new figure at $1.229 million, up from an earlier estimate of $410,221.
According to the four-page filing, the revised estimate includes a newly calculated estimate of $1.1 million in future royalty rights. Court records show that an outside expert was hired to compute that figure.
Schneider's report also includes three payments from Campbell's music interests from the time of his death on Aug. 8 of last year until April 20 of this year. Those payments from Seventh Son Music and Glen Campbell Music totaled $1,779.
In addition to the music payments, Schneider listed a $14,247 payment from an insurance claim for damage to a California property that has since been sold.
Other projected income includes $25,071 from Glen Campbell Music, $84,460 from Glen Campbell Enterprises and $9,637 from Seventh Son Music.
The estimated future value of Campbell's likeness and image is listed at $10,000.
A hearing has been scheduled for Dec. 13 on a motion to formally accept the will filed in the case by Campbell's widow, Kimberly.
A challenge to that will had been filed by three of Campbell's children, but that effort was recently dropped. The three, Kelli, Travis and Wesley Campbell, are specifically excluded from any inheritance under the 2006 will filed by Kimberly.
The $410,221 estimate of the estate's value was filed in April.

Thursday, November 1, 2018

2nd Lawyer Drops Campbell Will Challenge.

By Walter F. Roche Jr.

Citing unforeseen ethical concerns, the lawyer representing the three disinherited children of the late singer Glenn Campbell is asking the court to approve his withdrawal from the case.
In a motion filed today in Davidson Probate Court, David Callahan, who had signed on to represent the three after their first attorney bowed out, said an unforeseen ethical issue was forcing his withdrawal.
As Callahan's motion indicates that leaves little time for Travis, Kelli and Wesley Campbell to find another attorney before impending deadlines set by Probate Judge David "Randy" Kennedy.
Callahan did not detail the conflict but said he only recently learned of it.
The original attorney for the three, Christopher Fowler, withdrew in September for unspecified reasons.
The three Campbell children have filed notice that they intend to challenge Campbell's competency to approve the will filed last year by his widow Kimberly. They also have raised an "undue influence" challenge.
Callahan stated in his motion that he was unaware of the "present ethical conundrum" when he agreed to take the case.
While Kennedy approved Fowler's withdrawal from the case, he also has set a series of deadlines and set an April 14, 2019 trial date.
The 2006 will filed by Kimberly Campbell names her as executor and specifically bars the three from any benefit from his estate.
Campbell died in August of last year following a long battle with Alzheimer's disease. The 2016 will now under challenge names Kimberly and his five other children as beneficiaries.
In an order issued in late August, Kennedy set a series of deadlines for discovery, including the taking of depositions.
In seeking to withdraw, Callahan said that even if they were to schedule depositions every day in November they could not meet the current deadlines.'
The motion states that information filed for the estate shows that some 31 witnesses must be deposed and information gathered from seven facilities where Campbell received treatment.
The health facilities, like the witnesses "are scattered across the United States from Los Angeles to Nashville," Callahan's three page motion states.
"It would work extreme hardship on them if they are required to forego key witness depositions simply due to the lack of time," the motion concludes.