North Carolina grandfather gives lottery winnings to granddaughter

Comment #24

KY Floyd — Wed, 01 May 2019 19:17:08 GMT

Um ... Isn't that exactly what happened in this case

Comment #23

noise-gate — Tue, 30 Apr 2019 23:14:58 GMT

He recently moved in with his daughter to be close to the family. They must have treated each other good in the past,so much so as to welcome him to live with them.I have heard of children shipping their aged parents off to retirement centers,care homes as though they would be too much of a burden to care for as they got older. This gentleman this family have done right by each other. That's love for you.

Comment #22

Bleudog101 — Tue, 30 Apr 2019 16:41:49 GMT

Don't you think red flags might go up if someone were stupid enough to do as you said in your last sentence

Comment #21

KY Floyd — Tue, 30 Apr 2019 04:23:50 GMT

bearer instruments.

Which only means that there's not a record of who owns it. Just like cash. There's still an owner, and it seems clear that Grandpa was the legal owner until after finding out that the ticket won the lifetime annuity.

It's pretty clear that for income tax purposes you don't get the income until after submitting your claim, but you own the ticket and its (potential) winnings from the moment you purchase it (as everyone seems to agree in the thread about getting divorced... [ More ]

Comment #20

Bleudog101 — Mon, 29 Apr 2019 00:42:29 GMT

Checked NC, MA, CT and OH L4L FAQ's etc. OH had the full set of rules out there, perhaps other states too. Seems like they, like other lotteries are bearer instruments. Also it mentions about death of the claimant and various time examples. Lots of legal mumbo jumbo.

Comment #19

KY Floyd — Sun, 28 Apr 2019 18:29:13 GMT

I guess he took care of whatever bills he had and or the house paid off feasibly,

i would assume,

At 85 I'd sure hope he doesn't still have a mortgage. If he has trouble with other bills there's nothing to prevent the granddaughter from giving him some, or even all, of what she collects each year thanks to him. Given his age it wouldn't make much sense to claim the prize himself since his life expectancy is far shorter than his daughter's or granddaughter's. The prize is probably worth a... [ More ]

Comment #18

mikeintexas — Sat, 27 Apr 2019 23:11:53 GMT

That's exactly what I was wondering.

Comment #17

EdG1955 — Sat, 27 Apr 2019 21:55:21 GMT

I suppose he'll use part of the lifetime exclusion to avoid paying gift taxes on his win.

Comment #16

Bleudog101 — Sat, 27 Apr 2019 10:50:20 GMT

Go re-read the article. It said GRANDPA gave the ticket to his Granddaughter.

Comment #15

MillionsWanted — Sat, 27 Apr 2019 08:22:04 GMT

Nice for her, but perhaps she should have given the lottery ticket to her grand child instead.

Comment #14

Cassie8620 — Sat, 27 Apr 2019 03:52:39 GMT

hi again music and LOL ha ha. yea i am not 1 to focus on anything but good and to give back the same ya know.

and yea NO 1 like that fool, shall preclude me from doing so, ya know...i post how i feel, always will in life,and i support others, who show same.et.al..., But, thanks and

Music:

(i didn't even notice!) lol til you're mentioning it(no time for immaturity or nonsense so i ignored

that 1 post from hearseya know.)

oh! and

yea, i still do not play much PB and MM, i ge... [ More ]

Comment #13

Cassie8620 — Sat, 27 Apr 2019 03:48:24 GMT

oh thanks. i went back to re-read, and thanks again ZEP.

ABSOLUTELY beautiful. I told both my parents, this, and bff.

Just so nice to read this, god bless him. and his grand-daughter, the family.

G-night.

Comment #12

noise-gate — Sat, 27 Apr 2019 02:32:45 GMT

... and the Priest the Levite crossed the road.

Comment #11

TheMeatman2005 — Sat, 27 Apr 2019 01:08:06 GMT

Good luck to her, love this story. I guess he took care of whatever bills he had and or the house paid off feasibly, i would assume, and the rest for her?

Cassie, that's not haw it works. He gave her the ticket to claim. He doesn't get anything paid to himself from the lottery. It's all hers.

What he gets is the satisfaction that his granddaughter will receive $25,000 (before taxes) every year for the rest of her life.

Comment #10

music* — Fri, 26 Apr 2019 23:31:14 GMT

Cassie8620, Please do not take Hearsetrax nor the others to seriously. You know who your real friends are. Continue posting what is in your heart. Good Luck with MM PB !! You are a valuable member here on LP.

Comment #9

Artist77 — Fri, 26 Apr 2019 21:32:10 GMT

Lol. You are on a roll this week.

Comment #8

rcbbuckeye — Fri, 26 Apr 2019 21:27:29 GMT

Funnieeeeeee

Comment #7

zephbe — Fri, 26 Apr 2019 21:09:11 GMT

He gave her the ticket-she chose the annuity. He lives with her mother--his daughter.

Comment #6

hearsetrax — Fri, 26 Apr 2019 19:58:08 GMT

Comment #5

music* — Fri, 26 Apr 2019 19:51:12 GMT

Being set for life! An excellent gift.

Comment #4

Cassie8620 — Fri, 26 Apr 2019 19:20:39 GMT

ABSOLUTEY beautiful.

He is mid eighties, still look quite healthy, and i love to see that, so god bless him on MANY years to come in his eighties.

so nice he literally GAVE his beloved grand-daughter the money per year?

It make sense if you're under IMO sixty to get

annuity, still young over time to enjoy it and but then again ANYTHING can go wrong,

where you are needing more and a

LUMP SUM therefore, any age IMO is best!

Good luck to her, love this story. I gues... [ More ]

Comment #3

sweetie7398 — Fri, 26 Apr 2019 19:11:16 GMT

Congratulations ! That was a very wise gesture

Comment #2

TheMeatman2005 — Fri, 26 Apr 2019 18:55:26 GMT

Congrats on the win. Nice gift Grandpa.

Being she is only 22 and will collect $25 k / yr hopefully for the next 50+ years. She will collect over $1.25 mil compared to the $290,000 lump sum offered.

Comment #1

Bleudog101 — Fri, 26 Apr 2019 18:32:05 GMT

That was very nice of Papaw.

Congratulations on your lifetime win.

North Carolina grandfather gives lottery winnings to granddaughter

Lottery Post — Fri, 26 Apr 2019 17:42:19 GMT

A North Carolina woman will be 'lucky for life' and be able to pay for college, thanks to her grandfather.

Peter Beckage won the N.C. Lottery game, Lucky for Life, after buying the ticket on April 14, lottery officials said.

The 85-year-old recently moved in with his daughter to be close to family and often plays the game. He bought the ticket after a Palm Sunday pancakes breakfast with his 22-year-old granddaughter, Kelly Thomas.

The next day, he stayed up late to check the drawing.... [ More ]