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Blackie

50

Norfolk , Va
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May 2, 2004
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Nov 30, 2007, 10:58 pm

Here is the link to a TX article to do with winning the lottery if one ever does.
www.professorbeyer.com/Articles/Lottery.htm or this:
www.professorbeyer.com

Good Luck,

Blackie.

Raven62

New Jersey
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June 28, 2005
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Dec 1, 2007, 12:58 am

From the article:

V. Conclusion

Winning the lottery has the potential of being both a blessing and a curse. Every lottery player needs to consider the ramifications of winning before playing the lottery because the option of electing a lump sum distribution may be foreclosed once the ticket is purchased. Immediately after winning, but before claiming the prize, the lottery winner must decide the most effective way of claiming the prize. After collecting a lump sum payout or beginning to receive yearly distributions, the winner must continue to be alert to possible tax savings strategies. By following the steps outlined in this article, Texas lottery players and winners may increase the likelihood that their fortuity will not trigger unnecessary complications for surviving family members and friends.

It's a long article, but well worth reading for both newcomers and veteran lottery players.

www.professorbeyer.com/Articles/Lottery.htm

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Ms5PennieGen

Texas
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Dec 1, 2007, 1:32 am

Quote: Originally posted by Blackie on Nov 30, 2007

Here is the link to a TX article to do with winning the lottery if one ever does.

www.professorbeyer.com/Articles/Lottery.htm or this:

www.professorbeyer.com

Blackie, I just read the article there were some very interesting facts in there! I have a friend who always ask for 26 equal payments, I immediately sent the article for her to read. Blackie,Thanks for sharing this article with us! Big Smile

Your present situation is not your final destination!

Good luck...5pennies

Uff Da!

Washington State
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February 26, 2006
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Dec 1, 2007, 2:45 pm

Readers should be aware that the article was written for people in Texas, which is a community property state. While most of the information likely applies elsewhere as well, not everything will. Those playing the lottery in non-community property states, especially, will find a few differences. It is my understanding that there are only nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.

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