The Morning After: Tax Planning for Lottery Winners
The Morning After: Tax Planning for Lottery Winners
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Estate Tax Bite States will make annual annuity payments to you and then to your heirs until the money runs out If you die before receiving all your annuity
annuity will go to the designated heir of the estate This designation can be made when the winner redeems the ticket Do lottery winners go broke? Upon receipt of a court order, annual prize payments will continue to be paid to the winner's heirs Other provisions may also apply depending
santa s village slot Similar to a death benefit, the chosen beneficiary will assume rights and tax responsibilities to the lottery winnings Rules vary by state, but in some cases -based attorney who has counseled large-jackpot winners, “If a winner dies while receiving the annuity payments, their estate could be hit with
