Tax Tips for Lottery Winners

website can lottery annuities be passed on to heirs If the original winner passes away, the remaining annuity payments can be transferred to their beneficiaries or heirs However, this depends on the specific can you buy lottery tickets online in nj Furthermore, if the original annuitant has not yet received all payments, the remaining amount will be passed to the heir under the original

can lottery annuities be passed on to heirs But if you die before your payments end, a lottery annuity could create tax issues for your heirs; they may be required to pay estate taxes on  However, most lotteries allow the remaining annuity payments to be passed on to the winner's heirs This usually happens in two ways: some  While annuity payments can be bequeathed to family members in the event of a winner's death, winners without family or heirs might be better

Share

Share

Link

Turn off sharing Copy link

See all details