If a person dies who has lottery winnings, who get the money?
What happens when a person dies who has millions of dollars in lottery winnings. Does the family receive that money or does it go back to the state lottery?
It depends on the state. Many states pay for 20 years until death. Then, of course, the easy way out of this is to take winnings in one lump sum of cash, then do with it as you please.
I think it would depend on the rules of the individual state. Some may allow it to go to the person's estate, but I'll bet most have a clause that prohibits that if payments on the winnings are made over time. LindaSmith is right, one could avoid that with a lump sum payout.
by Money Fairy 12 years ago
What are the mathmatical statistics of winning millions of dollars in any lottery?I am just wondering what the mathmatical statistics are for winning a huge jackpot as opposed to a fairly small jackpot in any lottery?
by carozy 12 years ago
I know the odds are very much against winning. I am always curious if people believe they can really win and play the lottery. What do you think?
by TheHoleStory 9 years ago
What would you do with your winnings and buy if you won the Power-ball lottery jackpot?
by hanijane 14 years ago
If you won the lottery, say 10 million dollars, what would you do with the money?I would help...my church, a lot. I would put money aside for my children's future, buy a house and pay of my car, debts and put some aside for myself and my spouse, then I would spread the wealth around all family...
by moonlake 11 years ago
I was so surprised to see someone we knew. We're happy for him. I was thinking about what all he could do with that money. What would you do if you won the Powerball lottery?
by Stacie L 14 years ago
I see commercials for the local state lotteries and the national ones and wonder if I'm just wasting my money buying a ticket.it is a harmless past time and doesn't cost very much.on the other hand,it does cause some people with an addictive impersonality to gamble too much..do you spend money on a...
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