Kinda depends on how old you are. And I don’t think the annuity is part of your estate. It dies with you.
I’d take the lump sum. $522M I can live with. LOL
WHAT HAPPENS IF AN ANNUITY PRIZE WINNER DIES?
The estate will handle the lottery prize. A lottery annuity prize is just like any other asset. You can pass any remaining annuity payments on to your heirs or to anyone else. The Powerball game will even cash out an annuity prize for an estate. This may make it easier for the estate to distribute the prize. It also may be necessary to cash out the annuity to pay Federal estate taxes. We will sell some or all of the securities at competitive bid or will even just transfer the securities to the estate. We do not charge a fee of any kind. We often hear people complain that the jackpot should not go back to “the state” when a winner dies. It does not. I think that this misunderstanding may come from the response that the prize “goes to the Estate” and some people hear “goes to the State.”
http://www.powerball.com/pb_contact.asp
Nope. Left over money goes to your estate.