The Tax Court held they were a private annuity based on a broad reading of the definition of an annuity. The Fifth Circuit agreed. Unlike other assets, private annuities are valued using tables from ...

The first issue was whether the lottery payments constituted an annuity. The second was whether the section 7520 annuity valuation tables should be applied or a discount for lack of marketability ...

But most Canadian women never notice the annuity tables – we don't understand how annuities work and don't connect them to our day-to-day lives. That's a mistake.