annuity payments or lump sum

by Mary
(Amherst Ohio)

My Mother passed away on 10/31/10. She left my two sisters and myself approximately $14,000.00 each in an Annuity(American National), $8,000.00 in an Annuity(Western Southern) and $11,000.00 each from an IRA. My question is this....is it wiser to take the lump some from the two annuities or payments? Also, what to do with the $$ from the IRA?
Sincerely,
Mary

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Response from Melanie

In my opinion (and it's only my opinion)I would take the annuity as long as it is being managed by someone competent. Over the long run you will receive more money. Also you can budget in knowing that you will receive that money each year.

Let us know what you decided to do.