Can Powerball and Mega Millions winnings be inherited?

can lottery annuities be passed on to heirs
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But if you die before your payments end, a lottery annuity could create tax issues for your heirs; they may be required to pay estate taxes on

Securing an upfront payment often guarantees an asset to pass on to your heirs To illustrate how lump-sum and annuity payments work, imagine you win $10 My company writes lottery annuities I have a follow on question: do those annuities terminate on death, or can be passed on to heirs?

vip 777 slot login register Heirs or Suc- ceffors , upon any Account whatfoever ; and the faid Money Annuities , and all fuch other Charges and Expences as are directed to be 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