It’s always surprising when someone famous passes away and a fight begins over his or her will. It’s also often interesting to find out just what that person’s assets really are.
Country crooner Glen Campbell passed away on Aug. 8 of last year. He had struggled with Alzheimer’s Disease for some time before his passing. On Feb. 23, a Davidson Probate Court judge in Nashville, Tennessee, appointed a temporary administrator for Campbell’s estate. The administrator was also ordered not to dispose of or otherwise encumber Campbell’s stake in the Arizona Diamondbacks Major League Baseball team.
The appointment of the administrator comes as a will contest by three of Campbell’s children continues. These three children were specifically named in the will, but are not to receive anything from the singer’s estate.
The probate judge has also ruled that the will cannot be contested until a hearing is held to determine if those three children have legal standing to context the will. That issue is supposed to be dealt with within 90 days.
Campbell has five other children who are named beneficiaries, as is his widow. It’s estimated that the singer’s estate is worth approximately $50 million.
Many estate planning attorneys advise against disowning children and leaving them out of a will. It is often better to allow trusts to be created that allow some assets to be given if a child meets the requirements set forth in such a trust.
If you are considering creating your will and want to have more information, an experienced attorney can help. You can have all of your estate planning completed before you pass on. This will help your family deal with the aftermath of your death much more easily.
Source: The Tennessean, “Glen Campbell estate includes stake in Arizona Diamondbacks,” March 02, 2018