Saturday, August 13, 2011

If you win the CA lotto and pick the annuity, can your children inherit the remaining winnings if you die?

Which is better, picking the annuity (26 annual payments) or the lump sum? If you pick the annuity, can you ign beneficiaries (husband, wife, children, etc) such that they can inherit the remaining lotto winnings payments that haven't been issued yet should you die before the 26 years is over? I'm more curious about California lotto rules (Super Lotto or Mega). Thanks!

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