Legal Question in Wills and Trusts in Louisiana
Annuities in a will
My father died leaving a will stating that ''All of my assets & belongings are to be divided equally between my 4 children''. He went into detail in this will that he had set up 4 different ''investment accounts'' that each was assigned to a different child ... and that they were not equal in value. He then stated that he hoped we would each accept our own ''account'' as part of our share, then divide the remaining assets & belongings accordingly. My Father also spoke to each of us and to neighbors & friends about how is estate was to be divided. It was only after he died that we found out that my 2 sisters were assigned as beneficiaries on 2 annuity accounts worth about $25,000
ea. and my brother & myself were each given a money market account each worth about $10,500. My Dad had planned with the remaining property he owned my brother & I would collect enough to equal what our sisters received and then divide any remainder by 4. Now my sisters have decided that not ONLY are they entitled to the annuity payments BUT that they are entitled to 1/4 of ALL remaining assets which means my brother & I WILL NOT receive our equal share. All 4 of us have been sent into possession on ALL remaining property. Any suggestions?
1 Answer from Attorneys
Re: Annuities in a will
Contact the attorney who handled the estate.