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Does anybody else disagree with graduated annuities?Reply
You might want to check on inheritance taxation with that kind of money. I understand it has been stopped for 2010 on inheritance tax. Might kick back in in 2011. From what I read the tax is pretty stiff. 50% or better I heard.
Jan 23, 2010, 5:37 pm - JAP69 - Lottery Discussion Forum

What about taxes on remaining Anuity?Reply
We weren't talking about an inheritance, dvdiva. The question was on who pays the taxes while an annuity is growing in value.
Aug 26, 2007, 1:22 am - justxploring - Lottery Discussion Forum

Man with terminal illness wins 20-year annuity lottery jackpotReply
Yes, all lottery prizes go to the estate of the winner. I'm not sure I would cash in the annuity if I were dying, unless I didn't have any family at all. Usually the winner would ask a family member to claim the prize, so there would be no inheritance tax. In this case, he didn't win over $2 million so there probably won't be an inheritance tax on the money. By cashing in the annuity and losing so much money, less the taxes, his family wouldn't be left with much. I'm not passing judgment,
Feb 1, 2007, 7:30 pm - justxploring - Lottery News

BIBLE Numbers?Reply
There are 13 actual tribes of israel, 12 are named in the Bible, (the ones that received a land inheritance).
Dec 31, 2003, 10:31 am - Thomas Covenant - Jackpot Games Forum

Lottery player/winner advice ?Reply
lotteryinfopls: What if any of the 9/11 victims had recently won the lottery, and they chose annuity, and their heirs had to pay inheritance tax within 10 months of the winners' death, and the heirs did not have the money to pay the inheritance tax for the remainder of the annuity payments? The $28 million winner in Illinois probably went against expert financial advice. Be thankful almost all US lottery jackpot games give you a choice. When the 1990s began, NOBODY was allowed to choose. Choo
Sep 10, 2002, 7:10 am - CASH Only - Lottery Discussion Forum

Lottery Jackpots And Tax HavensReply
Which is a concept not everyone believes in. As the source of lottery winnings is usually government-adjacent I doubt you can successfully siphon that money out of the country. Titpon failed. It's not black money from illegal activity, the government already knows the source and will take its' cut. As for Europe there is no point as winnings aren't taxed. I cans ee using a tax vehicle for inheritance purposes, but again, there are more attractive ways to do so. One could just move to
Apr 8, 2016, 10:49 am - MaximumMillions - Lottery Discussion Forum

Random Observations & Things To PonderReply
The annuity doesn't end with your life, the remainder of the payments is still with the annuity which is part of your estate but your heirs would have to pay a hefty inheritance tax on it. If I won an American jackpot that was large enough, I would consider the annuity payments even though my Doctors expected me to die years ago however it would be through a blind trust both to preserve anonymity and to avoid inheritance taxes. Interestingly, there is one game in Western Canada called PayDay
Aug 25, 2010, 11:50 pm - jwhou - Lottery Discussion Forum

The Lottery Changed My Life TLCMLReply
Yes they did. I liked the idea of the Jubilee year where your inheritance was given back to you, all was forgiven . Cities of refuge was another.
May 27, 2017, 11:13 am - noise-gate - Lottery Discussion Forum

Windfall dream
Dreamt a close personal friend died. I was called to meeting. I walked into a room where an attorney told me I would be receiving an inheritance from her in an amount between 2 - 4 million dollars.
Nov 25, 2016, 7:10 am - Jenwins - Mystical Forum

Lottery scam victim lost life savingsReply
Good approach, or how about Yes I do have $40,000 from an inheritance but it is tied up with the attorney. I need $7,999 to pay the attorney fees so I can get the money released. If we take the money we have, the $8,000, it's just enough for me to wire to the attorney and then I'll be able to give the full amount. How does that sound? .
Nov 8, 2015, 3:18 pm - realtorjim - Lottery News