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Lottery winner demonstrates the right way to claim a big jackpot

Topic locked. Last post 3 months ago by DC81. 87 comments.

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rubberbandman's avatar - Spawn Classic
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Posted: March 24, 2008, 3:26 pm - IP Logged Bottom

Doesn't that also depend on the state? Don't some states require the legal entities to be disclosed in public records?

I suppose.

So, even if you make the legal entities and they are exposed to the public, your name and assets are safeguarded from them via the ENTITIES.

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Posted: March 24, 2008, 4:10 pm - IP Logged Top

Doesn't that also depend on the state? Don't some states require the legal entities to be disclosed in public records?

A good rule of thumb is that the creation and existence of a legal entity is a public record. How many details about that entity are considered a public record will vary from state to state. Generally it would be wise to figure that there will be at least one person that is the representative of an entity, and the name and address of that person will be public. That person can be the attorney representing the actual owner(s) of the ticket. It would be wiser still to consult an attorney when the specifics of the law that applies to you become important.

I would guess that many of the states that say you can't remain anonymous are simply offering a generalized answer. They'll release information about the winner, but that doesn't mean the winner has to be an individual or individuals. Unless the state requires that the prize be claimed by the individual(s) who own the ticket, creating a trust or other legal entity should allow you to make some information harder to find.

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md
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Posted: March 24, 2008, 8:41 pm - IP Logged Top

Original Post by ConstantlyB

Now I feel like she's an LP FAMILY MEMBER if she's not a member she is indeed the spouse of a member. She has exhibited some strong LP family member traits ya'll.

I Agree! I thought the same thing when I read the article.

I agree KyMystikal-

I would bet they have LP connections; but more importantly, they show any potential our time and work through all issues, and breathe as the money begins to make the better life for you.  As opposed to you *&^%#$%)_ it all up!

This is the way I have planned my big Jackpot pay off!

psykomo's avatar - animal shark
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Posted: March 24, 2008, 9:05 pm - IP Logged Top

I can't tell from this angle....if it were a frontal view I could tell better. She may have extensions...lol...for added fullness.

Now I feel like she's an LP FAMILY MEMBER if she's not a member she is indeed the spouse of a member. She has exhibited some strong LP family member traits ya'll.

NOW THAT'S APPLYING WHAT YOU HAVE  LEARNED!!!!!

Hurray!                                               Dance                                                Banana

BUTT, she or a member of HER family>>>>>>>

need's, to tell >>>>>Todd>>>(pronto)^

>>>>>>>>>>>>>

of the >>>>>>>>>>>Lottery Post>>>>>

PSYKOMO 

mylollipop's avatar - Trek STLOGO6
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Posted: March 25, 2008, 5:02 am - IP Logged Top

A good rule of thumb is that the creation and existence of a legal entity is a public record. How many details about that entity are considered a public record will vary from state to state. Generally it would be wise to figure that there will be at least one person that is the representative of an entity, and the name and address of that person will be public. That person can be the attorney representing the actual owner(s) of the ticket. It would be wiser still to consult an attorney when the specifics of the law that applies to you become important.

I would guess that many of the states that say you can't remain anonymous are simply offering a generalized answer. They'll release information about the winner, but that doesn't mean the winner has to be an individual or individuals. Unless the state requires that the prize be claimed by the individual(s) who own the ticket, creating a trust or other legal entity should allow you to make some information harder to find.

KY Floyd, your answer is the best I have read by far as to how to remain anonymous.  Thanks!

rubberbandman's avatar - Spawn Classic
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Posted: March 25, 2008, 8:58 am - IP Logged Top

KY Floyd, your answer is the best I have read by far as to how to remain anonymous.  Thanks!

I suppose,

I can't see how it is any different from what i've been saying.

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Posted: March 26, 2008, 3:00 am - IP Logged Top

Then perhaps you're having trouble reading it, understanding it, or both. I suppose it could also be confusion about what you've said, which wasn't much, and wasn't very informative. Go figure.

rubberbandman's avatar - Spawn Classic
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Posted: March 26, 2008, 9:43 am - IP Logged Top

Then perhaps you're having trouble reading it, understanding it, or both. I suppose it could also be confusion about what you've said, which wasn't much, and wasn't very informative. Go figure.

Dude, why are you hatin on me, I didn't do anything to you?

 

and ps Ive stated the first part or your comment about legal entities multiple times

the second part on the other hand about generalization, i didnt know, your comment was GENIUS, I would've never thought of that, thanks,

 

"Gee Brain, what do you want to do tonight?"
"The same thing we do every night, Pinky- try to take over the world."

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Posted: March 26, 2008, 3:58 pm - IP Logged Top

If I choose to respond to a post I simply give it the response I think it deserves. I didn't see that you said anything useful about legal entities in this thread, but you felt it necessary to whine when appreciation was expressed for somebody else's answers. I thought your whining deserved a response.

If you think my comment was genius, then you obviously see some difference. I thought it was a relatively simple assumption, which means I could be completely wrong*, but thanks, anyway.

* It seems to me that the use of trusts or other legal entities is relatively new (or at least it wasn't at all common in the past) for claiming jackpots, which is why I'm guessing that some states may be offering general answers about "winners" and anonymity. Since any legal entity can generally own property and have rights to that property, I don't see that a lottery can refuse to pay the prize to, and release only the name of the lawful owner of the ticket, unless there is a specific state law that says only individuals can own tickets. FWIW, patents are one notable exception to ownership by entities other than individuals. Patents are only issued to individuals (at least in the US), but the rights to the patent can be assigned to a company. 

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Posted: March 26, 2008, 8:14 pm - IP Logged Top

I haven't read this entire thread, but isn't there a Powerball ticket worth $95 million that hasn't been claimed?