On Thu, 14 Jan 2016 00:43:20 -0500, "Mr. Luddite"
wrote:

On 1/14/2016 12:07 AM, Tim wrote:

10:25 AMamdx
- show quoted text -
Don't get to excited, if you take the lump sum payment, after taxes
you'll be lucky to have $600 Million to scrimp by on.
I'm frugal though, that could last the rest of my life :-)

Mikek
----

And, if YOU win and decide to take the payments, and in the course, YOU die, all payments stop. The payments were to YOU and not to a beneficiary.



I just read that is not so Tim. The annual payments become part of your
estate.

I am not sure that is true if you simply file as a single winner. I
suspect you need a trust or something ... unless powerball is
different than the regular lottery.
I still would not trust a state to be good for this much money in 30
years. You know the lotto winner will get paid after the banks, the
cops, the teachers, the garbage men and the people who paid their
bribes on time every cycle.