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Old November 26 2012, 07:11 AM   #32
sojourner
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Re: Powerball. What could you do with a 425 million dollar lottery win

SeerSGB wrote: View Post
It would also prevent me from blowing through a lump sum in some ridiculously short amount of time.
The long term payments makes for a good ideal. But my only concern would be could it be lefty behind payable to my heirs: Wife, kids?[/QUOTE]

Last time I checked, no. If you die, any remaining unmade payments revert to the lottery commission. Easy to get around though, form a corporation then claim the prize in the name of that corp. The corp can be passed on after you die.

Your better taking the lump sum in any case. with a little smart but conservative investing you'd end up with more net value at the end.
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