This is how you inherit a winning lottery tenth if the winner dies

by time news

2023-11-21 09:06:34

There are those for whom the lottery is sacred. The ONCE, Bonoloto, EuroMillions, Christmas Lottery or the Children’s Lottery draws. Life is uncertain, but chance is sometimes capricious. If it is already difficult to win the lottery, it is even more difficult to die just after winning the tenth prize.

However, it can happen. Recently, there was a hoax claiming that one of the first winners of the new Eurodreams raffle had died. Finally, it is a mistake, although it gives food for thought… What happens to an unpaid tenth prize when the winner dies?

The most logical thing is that it is not in the will because no one would think of this probability. In addition, the ticket is nothing more than a piece of paper, so it is very easy to be lost.

What you can do is include the right to inherit a winning tenth in your will if someone plays the lottery every week. This would force the heirs to pay the Inheritance Tax, as another inherited asset.

Who inherits the tenth without collecting?

If there is a will, although nothing is mentioned in it about this possibility, the winning ticket would go to the legal heirs. In the event that there is no will, they will be the heirs established by law (children, spouse, grandchildren, parents…).

Having this clear, distributing the prize can generate a whole family conflict. We must start from the basis that the tenth prize is added to the total of the inheritance. If there is a will, it will be distributed according to what is established therein, as one more element.

Another issue to take into account and what they warn about on the specialized portal Will and Inheritanceis that the tenth is an item that does not have the date or the person who bought it, unless signed. That is why the majority of heirs process the collection of the prize as if they had collected the ticket, in order to avoid paying the Inheritance Tax. Of course, this implies that only one person would charge it.

However, if it were collected in this way, it would be taxed like any other prize. If, on the other hand, it is added as another element of the inheritance, the Inheritance Tax would have to be paid.

How Eurodreams is charged if the winner dies

The new Eurodreams is a prize that consists of a series of monthly payments over a period of specified yearsthus differentiating itself from the majority of raffles, which are collected in a single prize.

In this sense, State Lotteries and Betting establishes rules for situations as delicate as the death of the winner. The Eurodreams regulations specify that if the first or second category winner dies before full payment of the prize, “The remaining amount will be made in a single payment to your heirsfollowing the current and applicable inheritance law provisions”.

That is, the sum amount of the months that remained to be collected until reaching the total amount of the prize would be paid to the heirs in a single payment. The amount is divided among the heirs as appropriate in the inheritance provisions. And something else, the amount for each of the heirs is rounded down to the lowest unit.

#inherit #winning #lottery #tenth #winner #dies

You may also like

Leave a Comment