Last Will and Testament of Richard Baker Prichard: Amy Martin, Lisa Bethea and Jana Prichard Bell, as of The Estate of Jan Prichard v. Morgan Arceneaux, Markka Prichard and Landon Prichard

CourtCourt of Appeals of Mississippi
DecidedJuly 30, 2024
Docket2022-CA-01035-COA
StatusPublished

This text of Last Will and Testament of Richard Baker Prichard: Amy Martin, Lisa Bethea and Jana Prichard Bell, as of The Estate of Jan Prichard v. Morgan Arceneaux, Markka Prichard and Landon Prichard (Last Will and Testament of Richard Baker Prichard: Amy Martin, Lisa Bethea and Jana Prichard Bell, as of The Estate of Jan Prichard v. Morgan Arceneaux, Markka Prichard and Landon Prichard) is published on Counsel Stack Legal Research, covering Court of Appeals of Mississippi primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Last Will and Testament of Richard Baker Prichard: Amy Martin, Lisa Bethea and Jana Prichard Bell, as of The Estate of Jan Prichard v. Morgan Arceneaux, Markka Prichard and Landon Prichard, (Mich. Ct. App. 2024).

Opinion

IN THE COURT OF APPEALS OF THE STATE OF MISSISSIPPI

NO. 2022-CA-01035-COA

LAST WILL AND TESTAMENT OF RICHARD APPELLANTS BAKER PRICHARD: AMY MARTIN, LISA BETHEA AND JANA PRICHARD BELL, AS EXECUTRIX OF THE ESTATE OF JAN PRICHARD, DECEASED

v.

MORGAN ARCENEAUX, MARKKA PRICHARD APPELLEES AND LANDON PRICHARD

DATE OF JUDGMENT: 09/02/2022 TRIAL JUDGE: HON. C. MICHAEL MALSKI COURT FROM WHICH APPEALED: PRENTISS COUNTY CHANCERY COURT ATTORNEYS FOR APPELLANTS: MARK NOLAN HALBERT ANDREW WAYNE COFFMAN ATTORNEY FOR APPELLEES: JOHN A. FERRELL NATURE OF THE CASE: CIVIL - WILLS, TRUSTS, AND ESTATES DISPOSITION: AFFIRMED IN PART; REVERSED AND RENDERED IN PART - 07/30/2024 MOTION FOR REHEARING FILED:

EN BANC.

WILSON, P.J., FOR THE COURT:

¶1. Richard Baker (R.B.) Prichard died testate in 2019. He was survived by three

children—Jan Prichard, Lisa Bethea, and Amy Martin. His wife (Martha) and one child

(Mark Prichard) predeceased him. This appeal involves (1) a certificate of deposit (CD) that

R.B. and Amy jointly owned with rights of survivorship and (2) an investment account that

designated R.B.’s surviving children as pay-on-death beneficiaries. Mark’s three

children—Morgan Arceneaux, Markka Prichard, and Landon Prichard—brought this action alleging that they were collectively entitled to one quarter of the proceeds of the CD and

investment account. After a bench trial, the chancellor found that Amy’s ownership of the

CD and R.B.’s designation of beneficiaries of his investment account were the product of

undue influence. The chancellor imposed a constructive trust on the proceeds of the CD and

the investment account and ordered the funds to be distributed according to the residuary

clause of R.B.’s will. Jan’s estate, Lisa, and Amy appealed.1

¶2. We affirm the chancellor’s finding that Amy’s ownership of the CD was the product

of undue influence, as well as the chancellor’s order that those funds should be distributed

according to the residuary clause of R.B.’s will. However, we clarify that the residuary

clause of R.B.’s will provides for a per capita distribution to the children of R.B. who

survived him—and not to Mark’s children. Our interpretation of the residuary clause of

R.B.’s will moots any issue regarding the investment account because both provide for a per

capita distribution to R.B.’s surviving children. Therefore, we do not address the issues that

Amy raises related to the investment account.

FACTS AND PROCEDURAL HISTORY

¶3. R.B. and Martha Prichard were married and had four children, Jan, Lisa, Mark, and

Amy. Martha died in 2003, and for more than a decade thereafter, R.B. lived alone and made

his own financial decisions. During that time, R.B. opened an investment account and two

bank accounts. In 2004, R.B. opened an investment account with Lincoln Financial in which

1 Jan died in 2020, and his estate was substituted as a party. The appellants here are Jan’s estate, Lisa, and Amy. However, the allegations regarding undue influence involve Amy alone. Therefore, for ease of reference, we will refer to the appellants’ arguments as Amy’s arguments.

2 he designated Jan, Lisa, Mark, and Amy as primary beneficiaries “Equally Shared.”2 In

2006, R.B. opened a Renasant Bank account (“Account 1219”) that designated Amy alone

as both the pay-on-death beneficiary and as an authorized signer on the account. In June

2009, R.B. opened a Renasant checking account (“Account 7100”) that designated Amy

alone as a joint owner of the account with rights of survivorship.

¶4. In April 2009, R.B. executed a will that named Amy as the executrix. In that will,

R.B. devised certain real property to Jan and certain real property to Mark. Those specific

devises each stated that if Jan or Mark predeceased R.B., then the respective properties

would “be distributed to his [(i.e., Jan’s/Marks’s)] descendants, in equal shares, per stirpes.”

R.B. also bequeathed a Chevrolet Astro to Jan and a Buick Roadmaster to Mark. R.B. left

another property (known as “the Pizza Hut lot”) to all four of his children “to share and share

alike.” Finally, the residuary clause of R.B.’s will provided:

I hereby devise and bequeath any property, whether it is real or personal, that I may own at the time of my death that is not specifically listed herein to my children, Jan Taylor Prichard, Mark Baker Prichard, Amy Lynn Prichard Martin, and Lisa Carroll Prichard Bethea to share and share alike.

R.B.’s will did not mention his financial accounts, all of which designated pay-on-death

beneficiaries or another owner with rights of survivorship.

2 R.B. did not designate any contingent beneficiaries, though the form he completed provided that option. R.B.’s contract with Lincoln Financial provided: “Unless otherwise provided in the Beneficiary designations, if any Beneficiary dies before the Annuitant, that Beneficiary’s interest will pass to any other Beneficiaries according to their respective interests.” After R.B. died, Lincoln Financial advised: “Unless a beneficiary designation specifically indicates that the beneficiaries are to be paid per stirpes, we will pay the proceeds for any predeceased beneficiary in equal shares to the remaining primary beneficiaries. As you can see . . . , [R.B.’s designation] does not indicate that the funds should be paid per stirpes.”

3 ¶5. In 2013, R.B. began to decline physically, and his doctor recommended that he no

longer live alone. R.B. moved into the Landmark, a facility that offered (1) independent-

living apartments, (2) assisted living, and (3) a traditional nursing home. R.B initially moved

into an independent-living apartment, but in early 2014, he moved into the assisted-living

portion of the facility. There seems to be no dispute that R.B. was competent and capable

of making his own financial decisions prior to his transition to assisted living in early 2014,

but his mental acuity began to decline during 2014 and 2015.

¶6. In late 2014 and early 2015, R.B. made two transactions that are the subjects of this

appeal. First, in November 2014, Amy drove R.B., at his request, to Renasant Bank, where

he made Amy a joint owner with rights of survivorship of a CD (“7072”).3 Previously, R.B.

had been the sole owner of the CD. At trial, Amy testified that R.B. told her that she should

split the proceeds of the CD with her sister, Lisa, after he died. Amy was the only witness

who testified about the transaction.4

¶7. Second, in March 2015, R.B. transferred all the funds from Renasant Account 7100

into a new investment account at Ameriprise Financial.5 Amy testified that she put R.B. in

touch with her friend, Mark Stooksbury, a broker for Ameriprise in Tennessee. Amy testified

that she suggested that R.B. talk to Stooksbury because R.B. was not earning a good return

3 When R.B. added Amy as a joint owner, the CD had a balance of approximately $155,077.13. When R.B. died, the CD had a balance of approximately $158,329.71. 4 Debbie Sartin, a Renasant Bank employee, assisted R.B. with the transaction, but Sartin did not testify at trial. 5 The opening balance of the Ameriprise account was approximately $444,817.51. When R.B. died, the account had a balance of approximately $471,675.12.

4 on Renasant Account 7100. R.B. talked to Stooksbury by telephone at least once.

Stooksbury testified by deposition, and his deposition testimony was admitted into evidence.

Stooksbury could not recall the details of his conversation with R.B., but he testified that he

had no reason to believe R.B.

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Last Will and Testament of Richard Baker Prichard: Amy Martin, Lisa Bethea and Jana Prichard Bell, as of The Estate of Jan Prichard v. Morgan Arceneaux, Markka Prichard and Landon Prichard, Counsel Stack Legal Research, https://law.counselstack.com/opinion/last-will-and-testament-of-richard-baker-prichard-amy-martin-lisa-bethea-missctapp-2024.