The payment made on 12/2/2016 indicates this payment was paid on account due on 10/1/2016
One million dollars of Keith's estate was invested into a fixed annuity. The first three payments of Keith's American General 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.
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 so Keith's estate actually only received $59344.14 for 2016 yet Moody National Bank reported $79125.52
2016 shortage of $20,038.29
In 2015 three payments were paid at lower rate and only eight payments were paid at the higher rate.
2015 shortage $6422.52
Keith's estate shorted:
$9905.06 in 2016
$23411.96 in 2017
$11705.98 in 2018 as of June
2010 Keith's estate was shorted a payment in the amount of $5278.85
2010 Keith's estate was shorted a payment in the amount of $5278.85 and only received $57,458.23 yet MNB reported $72,685.66
Receipts reported by Moody National Bank to the court indicates no payments from workers comp.
$9905.06 in 2016 shortage
$23411.96 in 2017 shortage
$11705.98 as of June 2018 and continuing ....
2003 Accounting of Keith's fundssubmitted to court
Shortages by Moody National Bank
New Mexico Workers Comp was paid 2.8 million dollars from Keith's accident settlement. New Mexico Workers Comp had been paying $900.46 every two weeks since Keith's accident and should be paid to Keith's estate for life but these payments stopped in July of 2016 shorting Keith's estate $9905.06 and 2017 shorting Keith's estate of $23411.96 in 2017 and continuing thru 2018