Powerball lottery winners could still go bankrupt Here's how

can lottery winnings be inherited
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Whether someone chooses the annuity or cash option, lottery winnings can typically be inherited by a deceased person's beneficiaries or heirs

If you die before it's finished paying out, you can leave the future payments to your heirs, but the S will want to collect estate tax The legal heirs can claim the prize, which will still be subject to the 30% tax The inherited winnings may also be

triple slot If the prize winner dies and there's no Lottery Beneficiary Designation Form on file, the Lottery will make payments according to established Lottery If the winner opts for a lump sum, it can usually be inherited tax-free since inheritances are rarely taxed do not tax state lottery winnings) However, the