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(Not) Gentle on His Mind (Part 2)

I previously noted that Glen Campbell’s 3 children from his second marriage were contesting his will which he signed in 2006. The will omitted them, likely due to their supporting their mother during her divorce from Campbell and later suing him over the publishing rights she received in the settlement. His 2001 will also omitted them. The children recently dropped their lawsuit.

A few points:

1. The lawsuit would have been difficult to win because Campbell made both wills long before he went public with his Alzheimer’s diagnosis.

2. Campbell’s estate was recently valued at $1.2 million which is way less than the original estimate of $50 million.

3. If the omitted children were successful in challenging Campbell’s estate plan, they would have inherited $100K each tops.

4. The money for recording artists is in the writing and publishing not the performing. Campbell generally performed songs written by others.

5. Three divorces, 8 children, and years of cocaine use are never conducive to accumulating wealth.

Photo credit:  Larry McCormack/The Tennessean

License:  Fair Use/Education (from linked article)

Our Mortality

Taking a break from newsworthy death related issues, I found this interesting piece on causes of death by state.   If you do not want to read it, I will tell you that the most likely cause of death for Ohioans is heart disease, that we are disproportionately affected by diabetes, and that we have a higher than average rate of deaths from cancer, respiratory and kidney diseases, strokes, and  Alzheimer’s.

Several points:

1.   Ohio is a cauldron of death.  It is not for estate tax reasons that people move to Florida.

2.  Bonus points for knowing the meaning of Septicemia (disproportionately represented in Texas and other Southern states).

3.  Casey Kasem is doomed.  His family should not have moved him to Washington which is disproportionately represented by deaths from Alzheimer’s disease.

 

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Contact Me

All Posts By Jay Brinker

I am an attorney located in Cincinnati, Ohio who practices in the areas of estate planning, probate, asset protection, and small business advice. I make a difficult and bewildering process as simple as possible. Most importantly, I provide "more for less" for my clients.