Thursday, May 21, 2020

Campbell Estate Disclosures Waived


By Walter F. Roche Jr.

A Nashville judge has formally approved a request to excuse the executor of the late Glenn Campbell's estate from the requirement to file a detailed annual accounting of all transactions involving estate assets.
The two-page motion approved by Davidson Probate Judge David "Randy" Kennedy had been submitted by the co-trustees of the Campbell Family Trust. It relieves Kimberly Campbell, the singer's widow, who is the executor and personal representative of the estate from the requirement to file a detailed annual report.
Under Kennedy's order she is also relieved of the requirement to make an appearance before the court next month.
The action means that many financial details of the estate will likely remain private. This is in sharp contrast to the very public battle that emerged when Campbell's will was filed. The will specifically bars three of Campbell's children from any estate assets.
The three, Kelli, Travis and Wesley, first challenged the will but then, in the midst of negotiations withdrew the challenge.
Campbell died in 2017 following a lengthy battle with Alzheimer's disease.According to the Davidson County Probate Clerk's office annual accountings must include detailed financial details even including photographs of all canceled checks.
The filings must include detailed financial records and even photocopies of all canceled checks.
Thus far few details of the Campbell estate's holding have been made public.
In one filing estate lawyers disclosed that a California attorney hired to handle "complicated issues relating to entertainment law and intellectual property,"was being paid over $1,050 an hour. The fee filing, however, redacted multiple details of the original billing statements.
Though a hearing had been twice scheduled for approval of those and other legal fees the session was postponed indefinitely

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