With federal deadlines approaching, the interim administrator of the estate of famed singer Glen Campbell is asking a judge for additional powers, so he can hire accountants and other experts to estimate the future value of royalties and other assets.
The petition alleges that Schneider's duties are now curtailed to only collecting money paid to the estate and making mandatory non-discretionary payments. It asks Probate Judge David "Randy" Kennedy to schedule a hearing later this summer to rule on the expanded duties request.
Glen Campbell died on August 8, 2017, at age 81, after a long battle with Alzheimer's disease. Schneider, the court-appointed administrator for his estate, recently arrived at a partial preliminary estimate. However, it is only a small fraction of the previous estimates of its value. He claims that the estimated estate assets are roughly $410,000. Earlier estimates of Campbell's total estate value were near $50 million.
The estimate excludes future income rights from royalties and notes that an appraisal is required. Three of Campbell's children have served notice that they are contesting the will, which specifically excludes them from any estate assets. His will names his wife Kimberly as executor. She and his five other children are listed as beneficiaries.
This tangled estate battle may not conclude for a long time. Taxes need to be paid, the assets need to be evaluated, but the executor now lacks the power to hire or pay the assessors and accountants who would normally perform these duties.
The petition also asks the court to order those contesting the will to certify the will contest, so he has an idea of how long he will be needed to serve as executor.
Reference: The Tennessean (July 2, 2018) “Glen Campbell estate 'paralyzed' as will contest looms, lawyers say”