Can Lottery Winnings Be Inherited?

website can lottery annuity be inherited Lottery winnings and Inheritance Tax If you win the lottery, the money you win becomes part of your estate That means that if you pass away, canadalottery However, this financial payout option can lead to extravagant spending habits and uninformed investing Choosing a lump sum also means winners will receive an

can lottery annuity be inherited Prize winners may also request to pick up their installment payments at a designated lottery office In the event that prizes may be paid as an annuity, the  lottery winnings as a lump sum or in annuity payments If you die before the annuity payments are done, your spouse could inherit the annuity  If you hit the jackpot and win the lottery, you may be offered two options to receive your winnings: the lump sum or annuity

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