Can Lottery Winnings Be Inherited?

lottery annuity payments
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If the winner wants the annuity, the cash in the prize pool is invested to fund the annuity payments The winner gets the cash plus the interest earned

The lump sum affords more control over winnings and investments, but higher taxes overall The annuity payment option means less initial control Yes, lottery annuities are typically guaranteed They are backed by the state lottery commission, which purchases annuities from insurance companies to ensure

florida lottery - pick 5 winner Mega Millions jackpot winners receive a portion of their prize up front when they choose to go the route of the annuity option Payments then As mentioned, the annuity option means you'll receive a check every year with another portion of your lottery winnings While that annual