A difficult part of dealing with a family member’s death is balancing your grief with having to deal with the practical considerations of administering their estate. This can lead to family conflict, especially when there is disagreement about who gets what. Although clear language in a will or testament can help avoid such disagreement, what happens when the language of the testament and related documentation are unclear about who the deceased wanted to receive specific bank accounts?
When Elizabeth Perritt died, she left a notarial testament. The testament named the executrix of her estate, bequeathed several specific items to specific people, and left the remainder of her property to three specific individuals (the “Residuary Recipients”). The testament stated she had designated beneficiaries for certain unnamed bank accounts pursuant to the “payable on death” provisions of La. R.S. 6:314.
The Residuary Recipients and Carroll Toms all argued they were entitled to the deposit accounts. Peritt’s executrix filed a motion to determine who was entitled to two of Perritt’s deposit accounts held at Home Federal Bank. The trial court held the Residuary Recipients were entitled to split the deposit accounts. Toms filed an appeal.