Can Powerball and Mega Millions winnings be inherited?
Can Powerball and Mega Millions winnings be inherited?
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can lottery winnings be inherited
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Document the Source of Funds: As mentioned earlier, documenting the source of the funds used to purchase the winning ticket can help establish
Whether someone chooses the annuity or cash option, lottery winnings can typically be inherited by a deceased person's beneficiaries or heirs Speak with your estate lawyer about setting up a revocable trust to which you can make changes as needed Retrieve the lottery ticket and have
nys lottery post Document the Source of Funds: As mentioned earlier, documenting the source of the funds used to purchase the winning ticket can help establish 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