What happens if a jackpot winner dies before receiving all of their payments?
By law, the remaining installment payments become part of the winner’s estate in the event his/her death precludes collecting full payment. The winner’s estate has the option, in most cases, of continuing to receive annual payments or requesting that the Lottery Director allow a one-time payment of the current cash value of the remaining winnings.
Related Questions
- What happens to the remaining payments if a jackpot winner dies before all their annuity payments have been received?
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- What happens to the prize money if the jackpot winner chooses annuity payments and then dies?