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Hoping to hit the (court-ordered) jackpot

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Siblings fighting over money is, unfortunately, not news. But a financial dispute between sisters in Connecticut is newsworthy for two reasons:

  1. The money is from a winning Powerball ticket.
  2. The sisters are in their 80s.

Theresa Sokaitis, 84, and Rose Bakaysa, 87, went to court Tuesday for the younger sister’s lawsuit seeking a part of a $500,000 jackpot the older sister won in 2005. The lawsuit is being heard after the Connecticut Supreme Court reversed another lower court’s decision to throw out the case.

Bakaysa and the sisters’ brother won the jackpot, but Sokaitis argues a written contract signed by both sisters to split their gambling winnings entitles her to a piece of the financial windfall. Bakaysa’s lawyer said the sisters had a falling-out a year before the jackpot, effectively tearing up the contract.

The saddest part of the story to me is the sisters haven’t spoken in years and shunned each other in court. Don’t they remember what the Beatles said about money?

A judge is expected to make his ruling by the end of May.

Category: finance, gambling, law, money

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