Hi Armen:

The problem with large wins in the United States has always been the tax implications. If your grandmother takes the money $71K at a time, she will only need to pay taxes based on the tax bracket she is in that year.

Your grandmother will need an accountant or financial planner to crunch the numbers so she receives as much money as possible. For example, you will need to know what happens to the payments in the event of death. Can they pay it to an estate --- and what are the tax implications.

If it works like the lottery, there are companies in the US which actually "buy out" people's wins, so they can get the lump sum.

As for articles about the win -- it would help to know which news organization interviewed her.

/\/\/\/\ the Shamus /\/\/\/\