Monday, September 2, 2019

Campbell Estate Costs Mount


By Walter F. Roche Jr.

After months with little action, a series of claims have surfaced in the estate of the late singer Glen Campbell who died a little over two years ago after a lengthy battle with Alzheimer's disease.
In a series of filings in Davidson Probate Court, Kimberly Campbell, the singer's widow, has sought court approval for fees totaling about $80,000. Two of the requests involve services provided by Stanley B. Schneider and his firm Gursey Schneider.
Schneider has served as an interim administrator of the estate and also was charged with estimating the value of the estate and also the filing of a federal tax return.
One filing seeks payment of $32,262 for tax preparation fees. A tax return, according to the petition, was filed on Nov. 8 of last year, but a copy was not filed in the estate case.
The petition states that the fee was more than usual "for many reasons," including the fact that many of those assets are "entertainment related and can be difficult to value."
In addition the petition states that many of the late singer's assets are "community property with different individuals."
"Finally Mr. Campbell owned interests in several businesses, some of which are no longer active," according to the filing.
Schneider is also seeking payment of $41,055 in fees for acting as interim administrator of the estate. The fees range from $160 an hour for support staff to $450 an hour for services provided by Schneider himself.
The claim calls for a total of $15,862 for 35.25 hours of service by Schneider himself and 201 hours by support staff for a total of 236.25 hours.
The itemized billing statement filed along with the claim shows numerous billings for monthly updates on royalties credited to the estate. Other entries include references to Campbell's various business interests including a stake in the Arizona Diamondbacks baseball team.
A third claim filed recently seeks payment of $8,043 in legal fees by the Nashville form of Bass, Berry and Sims with hourly fees ranging from $295 to $460.
The most recent estimate of the value of the Campbell estate is $1.229 million, according to court filings.
Contact: wfrochejr999@gmail.com

No comments:

Post a Comment