90-year-old wins Florida Lotto

Reply #11

CASH Only — Mon, 23 Jun 2003 22:44:30 GMT

AIG:If YOU live to be 90, would you still be defending annuity

Reply #10

AnnuityIsGreat — Mon, 23 Jun 2003 22:18:53 GMT

Give me a break! NY is VERY fair with their rules. How can you not love the best state in the US.

Reply #9

CASH Only — Sun, 22 Jun 2003 18:00:26 GMT

Claudine:You don't mean to say the 90-year-old man should have taken annuity, do you?I live in NY state, which STILL requires players to choose when they play instead of after they win (the $180 million MM winner/s have a 60-day window in which to decide between cash or annuity; if the winning ticket came from NY, the choice on the ticket CANNOT be changed at lottery HQ.) Furthermore, NY has a number of scratch tickets where the top prize is an annuity, with NO cash option.I cannot decide for yo... [ More ]

Reply #8

claudine — Sun, 22 Jun 2003 13:36:27 GMT

I have been reading all of the comments, (yours and others)and I am sure you really don't mean to sound as aggressiveas you sound.If one wanted to take the pay out either way, they areahead of where they were in paying the $1.00.Show me how you think lump sum is better thanannually. Thank you

Reply #7

claudine — Sun, 22 Jun 2003 13:27:43 GMT

Quote: Originally posted by CASH Only on June 04, 2003 Yes, he took the cash.

Reply #6

CASH Only — Wed, 04 Jun 2003 11:49:23 GMT

Yes, he took the cash.

Reply #5

CASH Only — Mon, 02 Jun 2003 09:38:37 GMT

IIRC he's planning to visit Florida Lottery HQ today (Monday).

Reply #4

Todd — Fri, 30 May 2003 10:27:58 GMT

Quote: Originally posted by ShadyLady on May 30, 2003 It doesn't matter WHERE anyone is from. If they screw up and don't choose CASH,in any state, can't they still set it up like I said, in a TRUST? That is the point I am trying to make. Wouldn't that keep it from going back to the state?You don't need a trust. All state lottery payments to be received after a person's death automatically get assigned to the person's estate. There are tax implications - as I'm sure that Cash Only will remind t... [ More ]

Reply #3

ShadyLady — Fri, 30 May 2003 10:14:08 GMT

It doesn't matter WHERE anyone is from. If they screw up and don't choose CASH,in any state, can't they still set it up like I said, in a TRUST? That is the point I am trying to make. Wouldn't that keep it from going back to the state

Reply #2

CASH Only — Fri, 30 May 2003 09:56:28 GMT

S-Lady: Where are you from?Florida Lotto players don't choose until AFTER they win.I'm in NY, where you still must choose WHEN you play. I prefer buying Connecticut tickets.

Reply #1

ShadyLady — Fri, 30 May 2003 09:53:12 GMT

IF, by some chance the person did not specify CASH, couldn't the money be claimed under a TRUST or Corporation(or something like that), where the payments would continue to be deposited into the account until all is paid? Therefore, the money would not be lost.

90-year-old wins Florida Lotto

CASH Only — Fri, 30 May 2003 09:27:24 GMT

Anyone who thinks he should take the annuity (payments until age 119) ought to be permanently banned from Lottery Post.