In Re Estate of Cooper

On June 12, 1985, a structured settlement of the personal injury claim of Larry Cooper, a minor, was made between Allstate Insurance Company (Allstate) on behalf of its insured and Mattie Cunningham (Cunningham), as parent and guardian of said minor. Apart from a cash payment to cover fees and costs to the attorneys for the estate of Larry Cooper, the settlement called for Allstate to purchase an annuity contract that would pay Larry Cooper, or his estate if he does not survive: $46,758.91 on December 5, 1998; $99,915.57 on December 5, 2005; and $140,136.74 on December 5, 2010. Cunningham, as…