5 tips from a money expert for what to do if you win

5 tips from a money expert for what to do if you win if i win the lottery can i give money to my family Yes, you can pass lottery winnings to family members You can share the winnings directly or by gifting money However, be aware of possible tax implications if a lottery winner dies who gets the money For Mega Millions, annuity payments are paid to the winner's estate if the winner dies before the annuity prize is paid out Lottery winners

if a lottery winner dies who gets the money To which someone replied: As if you wouldn't use this money to pay off your loans first The opportunity to do that will never come around

if you win the lottery how much is taxed uk The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes Whether the winner goes with the annuity or the cash option, lottery winnings can typically be inherited or transferred to the winner's beneficiaries and heirs