However, somebody has to win so why not you? If you are lucky enough to win the jackpot, you'll have two payment options: Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the ...
Ownership in a business is an asset, which means it may need to pass through probate. However, using an irrevocable trust— such as a grantor retained annuity trust (or a GRAT) or an irrevocable life insurance trust (or an ILIT) — can ease the complexity surrounding these situations: A...