Florida Lotto $10 million winner revealed
It's been a while coming, but the identity of the July 24, $10 million Florida Lotto winner has recently been made public.
Her name is Beverly Samuels, a 64-year old grandmother from St. Petersburg. Actually, the claim was made in the name of the Beverly J. Samuels Living Trust.
What's a living trust? According to Wikipedia:
- In the United States, a living trust refers to a trust that may be revocable by the trust creator or settlor (known by the IRS as the Grantor). Living trusts are often used because they may allow assets to be passed to heirs without going through the process of probate. Avoiding probate will normally save substantial costs (the probate courts, in some states, charge a fee based on a percentage net worth of the deceased), time, and maintain privacy (the probate records are available to the public, while distribution through a trust is private). Both living trusts and wills can also be used to plan for unforeseen circumstances such as incapacity or disability, by giving discretionary powers to the trustee or executor of the will.
Rather than taking the prize as an annuity, Beverly chose the lump sum option, netting her the amount of $6,130,686.67.
The winning ticket was purchased at 7-Eleven, located at 6980 40th Street North in Pinellas Park. For its part in the win, that stores received a $30,000 bonus for selling the winning ticket.
The current jackpot in Florida Lotto stands at $17 million.
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