The estate of Glen Campbell has piqued the curiosity of fans.
Celebrities capture the attention of the public.
Maybe they became celebrities because of their talents.
Maybe their fame was the result of political or business success.
Perhaps they were born into the spotlight.
However it happened, they are the subject of constant attention during their lives.
According to a recent Wide Open Country article titled “Glen Campbell’s Estate Might Not Be Worth as Much as You’d Think,” their deaths often draw curiosity and rumors.
As a successful magician with more than 80 of his songs from his solo career hitting either the Billboard Hot 100, the Adult Contemporary Chart, or the Billboard Country Chart, Glen Campbell was well-known.
Campbell passed away from Alzheimer’s last August.
Since then rumors began to circulate about his estate.
One such rumor is about the size of his estate.
Originally, many thought it could be as large as $50 million.
The number is likely far lower.
Stanley B. Schneider—the accountant and manager for Campbell—recently filed papers reporting the assets to be closer to $410K.
What is the breakdown?
Money from Glen Campbell Enterprises and Glen Campbell Music, Inc. added up to $109, 634.
Two bank accounts hold a combined $959.
His AZPB Limited Partnership stake holds $296,164.
Interest in AZ Baseball Broadcast Holdings add up to $3,464.
Does his estate owe any money?
Yes, it does.
His legal fees, state taxes, and federal taxes alone add up to $118,200.
With a will contest and the claims filed, it is unlikely the Campbell estate will be settled any time soon.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: Wide Open Country (April 26, 2018) “Glen Campbell’s Estate Might Not Be Worth as Much as You’d Think”