That's not what the Death card means

post 115
written 2006-04-13 19:19:00

A man in California won a $10 million lottery prize. He received the prize in 20 annual installments of $508,000. After three years, he died. His estate was found to have an interest in the remaining payments creating a penalty of almost $1,500,000 in estate tax, despite the fact that the seventeen payments had not yet been received. (The estate was able to successfully argue that the interest was less, because it could not be marketed commerically by California lottery rules. An inalienable asset is worth less than a commerically dealable one.)

Oldest mother on record: age 61.

Youngest mother on record: age 5.

4.13.06, 7:19 PM, EDT, Ada, OH, textbooks aplenty

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