In re Estate of Cooper

In August 1984, Larry Cooper, a minor, sustained injuries in a traffic accident. Larry Cooper’s guardian, Mattie Cunningham, settled Cooper’s personal injury claim arising out of the accident. The settlement agreement entered into with Allstate Insurance Company paid a lump sum to cover Cooper’s attorney fees, and created a fund to provide for the balance of Cooper’s claim through the use of an annuity. Allstate structured the annuity to pay Larry Cooper, or his estate if he does not survive, $46,758.91 in 1998, $99,915.57 in 2005, and $140,136.74 in 2010. A guardianship estate (the estate of…