Revocable Living Trust Claims Last Lotto Texas® Jackpot

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Revocable Living Trust Claims Last Lotto Texas® Jackpot

Austin, Tx - The AB Revocable Living Trust claimed the $64 million Lotto Texas® jackpot from the drawing held on February 8, 2006. The Quick Pick ticket was the last ticket to match all numbers from the previous Lotto Texas play style in which players chose five numbers and a Bonus Ball. The ticket was purchased with the Cash Value Option, which paid more than $39 million, before taxes.

“I offer my congratulations to our latest Lotto Texas jackpot winner,” said Anthony J. Sadberry, acting executive director of the Texas Lottery Commission. “We still have one Lotto Texas jackpot ticket unclaimed as of today. The ticket sold in Lubbock, the first one to match all numbers for the current play style, has yet to be turned over to us for validation.”

The ticket purchased for the February jackpot was bought at the Shop & Save, located at 2626 Yale Street in Houston. The retail owner has received a bonus of $500,000 for selling the jackpot-winning ticket.

A representative of AB Revocable Living Trust has requested minimal publicity.

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Glossary Terms:

QTIP Trust - A marital trust for which a federal estate tax election is made. It provides that the surviving spouse is entitled to all of the income from the trust property, to be paid at least annually.

Adverse Party - Anyone having a substantial beneficial interest in the trust that would be adversely affected by the exercise/non-exercise of their power with respect to the trust.

Corpus - The principal or funds of a trust, as distinguished from the income of a trust.

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