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Eastern Time (GMT-5:00) | Home -> Forums -> Lottery News -> Ohio lottery winner owes more than taxes on his prize Ohio lottery winner owes more than taxes on his prizePrevious TopicNext TopicDelaware United States Member #30650 January 14, 2006 493 Posts Offline | | Posted: June 13, 2006, 8:45 pm - IP Logged | |
If he dies, the balance becomes part of his estate and hopefully he will have a will that will distribute his winnings to his heirs. If he dies before receiving all his payments, most likely his heirs will have to pay estate taxes on the FULL annuity, including what would not have been paid out at the time. Whatever....If he is dead, he won't give a rip , since he would be worm food at that point. His kids will get the money they deserve. DD The kids deserve better...they should each get a lump sum. Am I the only one here who thinks that CASH might not be old enough to legally play the lottery? | | |
United States
Member #380
June 5, 2002
11296 Posts
Offline
| | Posted: June 14, 2006, 10:03 am - IP Logged | |
If he dies, the balance becomes part of his estate and hopefully he will have a will that will distribute his winnings to his heirs. If he dies before receiving all his payments, most likely his heirs will have to pay estate taxes on the FULL annuity, including what would not have been paid out at the time. Whatever....If he is dead, he won't give a rip , since he would be worm food at that point. His kids will get the money they deserve. DD The kids deserve better...they should each get a lump sum. Am I the only one here who thinks that CASH might not be old enough to legally play the lottery? I will be 43 next month (7/29.) I will have been old enough to play for a quarter-century. | | |
Delaware United States Member #30650 January 14, 2006 493 Posts Offline | | Posted: June 14, 2006, 10:33 am - IP Logged | |
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United States
Member #380
June 5, 2002
11296 Posts
Offline
| | Posted: June 14, 2006, 12:29 pm - IP Logged | |
Not all my comments are about cash v annuity. I have opinions on other lottery issues as well. | | |
Tennessee United States Member #8005 October 15, 2004 11331 Posts Offline | | Posted: June 15, 2006, 4:06 am - IP Logged | |
cash only is a unique part of the lottery post family.he will turn on you like a vicious dog at the mere mention of annuities....... | | |
Delaware United States Member #30650 January 14, 2006 493 Posts Offline | | Posted: June 15, 2006, 8:57 am - IP Logged | |
My whole comment was about his lack of maturity. I seriously wonder if he's (she's?) just a teenager who's trolling this forum. Even after declaring his age and birthday (a dumb thing to do IMO), I still am not convinced. Oh well, I won't loose any sleep over it. I'd rather just ignore it. | | |
United States
Member #380
June 5, 2002
11296 Posts
Offline
| | Posted: June 15, 2006, 11:11 am - IP Logged | |
My whole comment was about his lack of maturity. I seriously wonder if he's (she's?) just a teenager who's trolling this forum. Even after declaring his age and birthday (a dumb thing to do IMO), I still am not convinced. Oh well, I won't loose any sleep over it. I'd rather just ignore it. Why is giving my age and birthday stupid? BTW I am a man. | | |
Delaware United States Member #30650 January 14, 2006 493 Posts Offline | | Posted: June 16, 2006, 10:11 am - IP Logged | |
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United States
Member #380
June 5, 2002
11296 Posts
Offline
| | Posted: June 16, 2006, 10:18 am - IP Logged | |
I doubt anybody on LP is going to come to Mahopac and look for me. I don't look 42/43 anyway. | | |
Ann Arbor, MI United States Member #20339 August 10, 2005 20 Posts Offline | | Posted: July 2, 2006, 7:01 pm - IP Logged | |
One of the benefits of remaining single. My advice is to not marry unless: A) you're in love, B) you can handle kids; and C) you're responsible and mature | | |
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