The Campbell estate still has a few details to sort out.
Serving as an administrator for an estate is no simple task.
Especially when your powers have been limited by the court.
According to a recent article in The Tennessean article titled “Glen Campbell estate 'paralyzed' as will contest looms, lawyers say,” this is exactly what happened with the Glen Campbell estate.
He claims his duties were limited to making mandatory payments and receiving money to be paid to the estate.
Stanley is seeking more authority to accurately estimate the value of the Campbell estate.
The estimate he derived came to about $410,000.
The earlier estimates were roughly $50 million.
I would say that is a bit of a discrepancy, yes?
Schneider is seeking authority to obtain a full valuation, including future royalties.
Schneider was appointed by the court because three of the Campbell children contested the will.
Campbell had made his wife the executor and a beneficiary with five of his children.
Until the court makes a decision on the will contest, the estate will be stuck in probate.
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: The Tennessean (July 2, 2018) “Glen Campbell estate 'paralyzed' as will contest looms, lawyers say”