N.Y. Comp. Codes R. & Regs. tit. 9 § 5002.9
Current through Register Vol. 46, No. 45, November 2, 2024
Payment of prize money shall not be accelerated before its normal date of payment because of the death of the prize winner. All prizes or any portion thereof that shall remain payable at the time of death of the prize winner shall be paid to the estate of such deceased prize winner, unless the commission is directed otherwise pursuant to an appropriate judicial order. If the deceased prize winner has failed to exercise any power of appointment, the payment will be made directly to those persons who would succeed to the assets of the deceased prize winner under the laws of the State of New York. Upon payment, as provided by this section, the commission shall be discharged of any further liability.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 5002.9