Lottery Payments: Can Lottery Annuity payments be willed?

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Fact: Upon the death of a prizewinner who claimed a lottery installment prize for games in his or her individual capacity, the Texas Lottery Commission will pay

The advantage with the annuity is that you can do that in the Estate taxes worth up to 40% can further reduce winnings in case of death, and a winner's heirs may be charged additional inheritance taxes,

archer slot background As such, the inherited annuity can be a building block in an estate plan or financial legacy How Inherited Annuity Payouts Work An insurance 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