2004 Accounting of Keith's funds submitted to court
Shortages in Keith's estate for 2015 and 2016. The first three payments of Keith's AG annuity each year are paid at the lower rate until the 4-5% increase goes into effect which then pays the remaining nine months of the year at the increased amount.
2010 Keith's estate was shorted a payment in the amount of $5278.85
2003 Accounting of Keith's fundssubmitted to court
Below documents by Beasley, Mitchell submitted to the court for 2003 and 2004 both indicate Keith's one million dollar annuity investment is to start with a monthly payment of $4011.49 with a 5% annual increase for life. According to my calculations Keith's estate is only receiving a 4% annual increase. If annual increase should be 5% then Keith's estate has been shorted $51149.79 dollars
In 2015 three payments were paid at lower rate and only eight payments were paid at the higher rate.
2015 shortage of $6422.52
2010 Keith's estate was shorted a payment in the amount of $5278.85 and only received 57458.23 yet MNB reported $72,685.66
In 2016 the reason the first four payments were paid at lower rate is because one of these payments should have been paid back in 2015.
Take away one payment that should have been paid in 2015 from the total of ten payments made in 2016 indicates Keith's estate is now short by three payments at the monthly rate of $6679.43
No payments were paid for Sept, Oct nor Nov.
2016 shortage of $20,038.29
This payment made on 12/2/2016 indicates this payment was paid on account due on 10/1/2016
American General Annuity
MNB did not receive annuity payments for the months of Nov and Dec.
The actual amount paid to Keith's estate in 2016 was $65766.66 but one payment of $6422.52 should have been paid in 2015 yet MNB reported $79,125.52
Where did MNB take funds from to account for the total of $79125.52 ?