Abstract
This article addresses the federal estate tax and federal income tax consequences of lottery winnings which flow to the estate of a decedent or, alternatively, directly to the decedent's beneficiaries. State income tax and state death tax considerations must also be taken into account. With respect to these secondary implications, this article draws largely upon the Code of Virginia and the relevant sections of Virginia's income tax and estate tax statutes. Some references will be made to the possibility of contrary statutory treatment in other states, but primary reliance will be upon Virginia law.
Recommended Citation
M. E. Blanton,
Who Gets A Dead Man's Gold? The Dilemma of Lottery Winnings Payable to a Decedent's Estate,
28
U. Rich. L. Rev.
443
(1994).
Available at:
https://scholarship.richmond.edu/lawreview/vol28/iss2/6