Quote:
Originally posted by scansinboy
Go see a good lawyer, establish a corporation/company in your name and then, once you are incorperated or whatever, then you present the winning ticket as property of said company. That way, even if you die, the company can still be paid the remaining annual payments.
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in Washington your unpaid moneys go to your estate in the event of your death. nice huh?
http://www.walottery.net/cashop.asp
Quote:
What happens if a Jackpot-winner dies before receiving all of his/her payments?
By law, the remaining installment payments become part of the winner's estate in the event his/her death precludes collecting full payment. The winner's estate has the option, in most cases, of continuing to receive annual payments or requesting that the Lottery Director allow a one-time payment of the current cash value of the remaining winnings.
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as for me,
take the lump sum anyways, i'd rather have ten million now, than 500k or the rest of my life.
10 million- put 8 in savings, investments, mutual funds, cds.
2 million left. help out all my family financially.
probably leaving one million after that, spend a year on vacation.
Europe, Hawaii, Fiji, all the tropical islands, to find ourselves.
come back build a house, hopefully if i have done well, live well off the interest off my original 8 million. that's the root of it, of course i would do meaningful things with my life, to better everyone.