Todd--Big Game question

Reply #4

Guest — Fri, 22 Mar 2002 10:08:03 GMT

Thanks Todd and pegleg...as Todd said, hope it doesn't happen.

Reply #3

Todd — Thu, 21 Mar 2002 22:29:58 GMT

Good point. I hadn't thought of the tax angle, having assumed that the tax would be withheld yearly. What you're saying makes sense, though. I think we need a good tax attorney to field this question. And let's hope the scenario never has to become reality for the winner family.-Todd

Reply #2

pegleg — Thu, 21 Mar 2002 21:57:19 GMT

Hi Todd: Its true what you say that the estate recieves the remaining payments. The catch is that the feds will want all the taxes paid up front on the remaining payments, as this is concidered an inheritance.pegleg

Reply #1

Todd — Thu, 21 Mar 2002 11:30:47 GMT

The estate receives all remaining annuity payments as if it were being paid to the winner. I do not believe there is any minimum or maximum.-Todd

Todd--Big Game question

Guest — Thu, 21 Mar 2002 10:54:08 GMT

Todd,Do you know the minimum payout to the estate of a winner who passes away during the annuity period? Just curious.Thanks,Rick G.