Publication 140-W - FAQS: New York State Lottery Winners -
Publication 140-W - FAQS: New York State Lottery Winners -
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-based attorney who has counseled large-jackpot winners, “If a winner dies while receiving the annuity payments, their estate could be hit with
If stocks, bonds and interest rates rise, then the lump sum winners may do better If the market tanks, people with the annuity will be smiling The trust can then immediately pass those assets along to your heirs Marital Property If you plan to marry after winning the lottery, a trust will protect
motorhead slot payout Tax consequences vary depending on the course of action the surviving spouse takes, but inheriting a spouse's annuity does not automatically become a taxable Lottery annuities can usually be inherited, but some companies only allow transfers after the owner's passing The remaining assets may go to the estate or a