$127 million paid out to Austin trust to avoid publicity
By Todd Northrop
The Powerball jackpot-winning ticket sold in Texas for the historic Feb. 11 drawing has been claimed.
TL Management Trust, Andrew Weber, Trustee of Austin claimed the $127,046,150.05 Cash Value Option prize from the $564.1 million jackpot at Texas Lottery headquarters in Austin Friday. The claimant requested minimal publicity.
The ticket was purchased at the Appletree Food Mart, located at 893 E. Princeton Drive in Princeton. For selling the jackpot-winning ticket, the retailer is eligible for a $1 million bonus.
The massive jackpot was shared with two other winning ticket that were sold in North Carolina and Puerto Rico. Those tickets have already been claimed. (See N.C. Powerball lottery winner claims share of jackpot worth $188 million, Lottery Post, Feb. 24, 2015.)
The winning numbers drawn on Feb. 11 were 11, 13, 25, 39, and 54, with Powerball number 19.
The estimated annuitized jackpot for Saturday's Powerball drawing is now $100 million.
This is the second Powerball jackpot winner from Texas. The previous winner, Paul McDowell of Ravenna, claimed the $29,906,600.00 cash value prize from the drawing held May 29, 2013. The Lone Star Food Store #48 in Bells received a $400,000 retailer bonus for selling that ticket. (See Northeast Texas town sells winning $40 million Powerball ticket, Lottery Post, May 31, 2013.)
In addition to the jackpot-winning ticket, Texas Lottery players won three second-tier prizes worth $1 million or more in the Feb. 11 drawing. Plano resident Harold Laufgraben claimed a second-tier winning ticket worth $1,000,008 purchased in Euless. Fort Worth resident Minh Quang Tran and Lev. P. Fisher of Houston claimed second-tier winning tickets worth $1 million each.
Powerball jackpots start at $40 million and roll until the jackpot is won. Players win the jackpot by matching the five white ball numbers (1-59) and the red Powerball number (1-35).
There are eight other ways to win non-jackpot prizes ranging from $4 to $1 million or up to $2 million if the ticket includes Power Play. The overall odds of winning a prize in the game are approximately one in 31. The overall odds of winning the jackpot prize are one in 175,223,510.
"$127 million paid out to Austin trust to avoid publicity." Looks like winners really don't want the media to plaster their face and name and everything every where.
Final share? Has the winner from Puerto Rico claimed as well? I must have missed that story.
They claimed anonymously.
So only the NC winner came forth both before validating the ticket as well as afterward. I hope she has moved from her previous residence!
Hope they have lots of fun with their money! Congrats to the winner or winners. It's pretty smart to collect in a trust with all that money.
I agree it was a good move on their part. Congratulations to the members of the trust enjoy your wealth.
Wonder how fast the money will get eaten up from either the healthcare fine, or health insurance.
Can you please show us where it says that "they claimed anonymously" since I totally missed it. Did they avoid the initial 25% fed tax withholding?.
http://www.ibtimes.com/powerball-puerto-rico-why-its-legal-win-there-1814786 This issue of Puerto Rico winning a 3rd. of the PB jackpot, has generated a lot of hysteria on twitter and elsewhere. Some members of the dept. of revenue in PR, are not even sure if they are supposed to withhold fed. income tax on this windfall, since PR is exempt from fed income tax. The beat goes on and on.
http://www.nbcnews.com/news/latino/puerto-rico-powerball-winner-claims-prize-chooses-stay-anonymous-n309121
No mention of taxes though
Very smart move having a Trust claim the money. And they even kept quiet about it until the ticket was turned in. Are you reading this North Carolina girl, mother of four? (probably not; too busy giving interviews)
I wonder why you are bringing up a subject that is not mentioned anywhere in this story.
How about this smart winner, choosing to set up a trust in Texas.
This winner is already starting out on the right track.
So winners can claim anonymously in Texas?
I don't know. I would hope that is the case.
Congrats to the lucky winner.
Yes you can use an Trustee , that's another way you don't have to show your face .
Something to think about !!!!!
Every lottery jackpot winner has the 25% Fed tax taken out before they see any of their money .There is absolutely NO WAY to avoid not paying it.
Choosing to claim the prize through a Trust does NOT mean that people will not/ cannot find out who the winner is.Freedom of information is alive and well in Texas & out here in CA. If people want to dig- they will come up with the name of the winner.
That good because if someone shows up at your door asking for a share of your lottery winnings you know they have stalked you and you may have the right to use deadly force to defend yourself.
l don't know if one has permission to use " deadly Force" because of being stalked RJ- l can just picture Paparazzi bodies littered on sidewalks from Actors/ Actresses who would claim to having a valid reason for using DF because of being stalked. .
501 (c) in the tax law allows fed exemption. ie, churches would be an example.
May this winner and its family enjoy the prosperity gained. !
Danged straight! Some stranger starts stalking me, and I fear for my life...
Congrats to this Texas winner!!
And thank you to the Texas winner for showing us how to collect this the right way. 
This is good to know these details here in Texas.. trust, trustee showing up, limited publicity. I knew about the limited publicity and claiming in a trust, but was unaware how initially anonymous it could be here. Anyone can search public records to come up with the beneficiaries of a trust. It's a dang good lawyer than can nest enough or the right entities to keep the true beneficiary's identity in the shadows. I've definitely marked this down in my notes.
This is from the Ca-lottery Handbook.
? If you are concerned about people trying to contact you, consider changing your cell and home phone numbers or allow your voicemail to pick up calls for a few days.
? Interview at least three licensed attorneys and select the one you feel most comfortable with. An attorney can help protect you and your assets.
? Interview several Certified Public Accountants. Remember, you will have to pay taxes on your win. An accountant can make sure your taxes are in order year after year.
? If you plan to invest your money, do it wisely. You may consider the services of a qualified investment planner. Again, interview at least three and select the one you are most comfortable with.
? You may want to hire an attorney, an accountant and an investment planner from three different firms. You want them to act independently from one another.
? Remember—you are the boss. They work for you!
? You will receive many offers to donate, invest or downright give away your money. Always consult your expert professionals.
? Spending fast and furious will only leave you fast and furiously broke. Be careful with your newfound wealth!
? There will be immediate interest in your story. History tells us the media will likely attempt to contact you. Their efforts are made easier in this day of internet search engines. With that in mind, we urge you to consider taking part in a news conference. We’ll take the headache away by doing the planning for you. Winners have been better able to satisfy these media requests in one shot and get on with their lives.
? According to public disclosure laws, your name is public record. The name and location of the retailer who sold the winning ticket, the date you won, whether your numbers were a Quick Pick® or your own numbers and the amount of your winnings are also matters of public record and are subject to disclosure.
? You can form a trust prior to claiming your prize, but understand that your name is still Public and reportable.
I wonder if this could be done in Jersey ?
Anyone ?
Smart move. I wouldn't want my face on tv.
Congratulations to all the winners in Texas
Proud whenever I see smart winners. The trust method works almost the same as anonymity, so I'm surprised so many people who live in states that allow it don't take advantage. Look at all the other trusts/LLCs that have claimed in Texas and I don't ever recall hearing about them later down the road.
Well, ttech10, every 6 months or so, keep browsing the info provided in this article: "Andrew Weber, Trustee of Austin claimed the $127,046,150.05 Cash Value Option prize from the $564.1 million jackpot at Texas Lottery headquarters in Austin Friday. " and you shall see how Andrew (the jackpot winner?) has fared.
Congratulations, TL Management Trust/Andrew Weber, Trustee of Austin ... on your exciting jackpot win.
Does anyone know if most/all of the 3 jackpot winning tickets were full quick picks?
Is there y convenient trust/corp/llc online registry?
When I googled TL Trust Management I found an australian company, it can't possibly that complicated a net?
Andrew Weber is just the attorney/trustee. Like in Houston, when attorney Manfred Sternberg was the trustee for two different winners. One for a $24m Lotto Texas win and another for a $10m Lotto Texas win.
I mean, it's possible he's the winner, his firm does have an office in Fort Worth, but I'd be willing to be that once the money is paid out and the trust has done it's job, it will be dissolved and all ties he has with the lottery winner are gone.
as far as taxes it reads they have 60 days to choose 101 million or the 30 payments over 30 years. so its already infering that the taxes w.e amount maybe to be taking out. and that gives them almost a full year for irs to decide to keep all of taxes or one big refund check
yep. icam chica,hola.
(scarychick)
then again i already know mi folks,
and i what we will do with it. mi father has a great,astute financial advisor.
so we would still share our name pero....
not anything else,oh and county.
so happy for em all.
adios!
That trust popped up pretty quick! Nice work to the winner for being johnny-on-the-spot with planning and organization!