Linda Carman’s Estate Worth $6.5 Million, Records Show

Feb. 01--Linda Carman, missing at sea since an ill-fated fishing trip with her son Nathan Carman in September, is worth more than $6.5 million, according to probate records.

Attorney Glen Terk filed an inventory of Linda Carman's finances Tuesday in Middletown Probate Court. He has been assigned by a judge to be a caretaker of her finances and to ensure that her bills are paid and her property is taken care of.

Linda Carman is missing and presumed dead after the boat in which she and her son, Nathan Carman, were fishing sank in Block Canyon, south of Block Island. Her son, Nathan Carman, made it to a life raft and was rescued after eight days at sea.

Sharon Hartstein, a friend of Linda Carman, had petitioned the probate court to become trustee of Linda's affairs, but the judge instead appointed Terk.

The inventory shows that the bulk of her money, slightly over $6 million, comes from a limited liability corporation she owned with her three sisters called Elaine Manor Ownership LLC. Her share of Chakalos Management LLC, worth $18 million, is $22,500, records show.

Terk could not be reached for comment Tuesday.

In addition, she has about $125,000 in cash assets and her home at 123 Hendley St. in Middletown is valued at $180,000.

There has been no will filed in probate court yet. Nathan Carman is her only heir.

The accounting of her finances doesn't appear to include any possible inheritance she was to get when her father John Chakalos will is finalized in New Hampshire. John Chakalos was murdered in Dec. 2014. His case is unsolved, although Windsor police tried to obtain an arrest warrant to charge Nathan Carman with that murder.

The four sisters are expected to evenly split at least $20 million from their father's estate, meaning Linda Carman's net worth would nearly double and be more than $10 million.

If Linda Carman's body is never found, a probate judge would eventually have to declare her legally dead. The time frame for that is usually seven years, but someone can petition the probate court before then and present evidence to the judge.

Law enforcement officials from at least four states have been investigating the circumstances surrounding the sinking of the Chicken Pox, Nathan's boat.

Linda Carman's home was searched by several investigators shortly after she was lost at sea. Investigators also searched Nathan Carman's Vermont home as part of an investigation into whether Nathan Carman recklessly made the boat unsafe to be on the water.

Earlier this week, an insurance company filed notice in federal court that it would not pay an $85,000 policy that Nathan Carman had on the boat because of repairs he did to it before leaving on the last fishing trip.

The insurer also questioned why, when Nathan Carman had three opportunities to do so as the boat was sinking, he did not activate the EPIRB alert that would have notified Coast Guard officials immediately of the boat's location.

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