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.

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