Glen Campbell died in Nashville on August 8, 2017, at the age of 81. He suffered from Alzheimer's.
Wide Open Country recently published an article, “Glen Campbell’s Estate Might Not Be Worth as Much as You’d Think,” that gives details about what Glen left behind for his family.
An Arkansas native, Glen started his professional career as a studio musician in Los Angeles, spending several years playing with a group of world class musicians known as "the Wrecking Crew." Campbell played guitar on hundreds of hit records, many without credit. When he went solo, he placed a total of 80 different songs on either the Billboard Country Chart, Billboard Hot 100, or Adult Contemporary Chart—29 made the top 10 and nine reached number one on at least one of those charts.
There were some reports that Campbell’s assets came to roughly $50 million. However, more recent estimates say it’s worth around $410K.
The Tennessean reported that Campbell’s accountant and manager Stanley B. Schneider (who was appointed administrator ad litem by a judge earlier in 2018) filed paperwork that says Campbell’s combined assets reached a lower amount than many anticipated.
The claim says the stake in AZPB Limited Partnership holds the most value at $296,164, interest in AZ Baseball Broadcast Holdings totals $3,464, and the combined total of two bank accounts is just $959.
Funds from Glen Campbell Music, Inc. and Glen Campbell Enterprises total $109,634.
In addition, Schneider listed debts for state and federal taxes and legal fees totaling $118,200. He also reported that $43,448 of royalties were paid to the estate in the eight months after Campbell’s death. More than $76,000 is owed.
With the will contests and filed claims, the legal battle concerning Glen Campbell’s estate is expected to continue for some time.
One of the main goals of our law practice is to help families like yours plan for the safe, successful transfer of wealth to the next generation. Call our office today to schedule a time for us to sit down and talk about your estate plan, where we can identify the best strategies for you and your family to ensure your legacy of love and financial security. Our office is located in Santa Ana, CA but we serve all of California including Irvine, Orange, Tustin, Newport Beach, and Anaheim.
Reference: Wide Open Country (April 26, 2018) “Glen Campbell’s Estate Might Not Be Worth as Much as You’d Think”