Got the winning lottery ticket? An economist explains what to do with

website can lottery annuity be inherited Generally next of kin will inherit, but if no next of kin can be found, the winnings will be claimed by the government eventually Upvote · 99 can we withdraw money from winzo to fampay Prize winners may also request to pick up their installment payments at a designated lottery office In the event that prizes may be paid as an annuity, the

can lottery annuity be inherited “Some lotteries will cash out an annuity prize for an estate, to make it easier for the estate to distribute the inheritance and to pay  Estate taxes worth up to 40% can further reduce winnings in case of death, and a winner's heirs may be charged additional inheritance taxes,  Such taxes and fees are considered a cash prize and are subject to Pennsylvania personal income tax as applicable even if the noncash prize may be excluded from

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