Posted at 10:27 a.m., Tuesday, January 23, 2007
Assets distributed from terminated Campbell Estate
Advertiser Staff
The Estate of James Campbell, which terminated Sunday after 107 years, has distributed most its assets to the private trust's 31 beneficiaries.The distribution, which was completed last night, was mostly in the form of stock in the estate's successor company, James Campbell Co., which becomes one of Hawai'i's largest companies with a real estate portfolio valued at $2.6 billion.
Of the 31 Campbell Estate heirs, 29 opted to receive stock in James Campbell Co. Unlike most trusts that liquidate and distribute their assets in cash when they terminate, nearly all of the Campbell Estate's assets remain intact with the successor company.
Under Campbell's will, the trust was to terminate 20 years after the death of his last surviving daughter. The daughter, Beatrice Campbell Wrigley, died on Jan. 21, 1987.
