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How to disperse multi-million dollar winnings?Reply
One of your most important assets would be a good tax attorney and cpa , they would help you navigate the tax code and all of its loop holes. I personally have decided that I will set a blind trust fund with around 2-5 million for each and they would only get 25k or 75% of the interest generated annually. Provision will be made for medical emergency and first home purchase . I don't do this for my benefit but for theirs , I want to give them financial security and make them feel more comforta
May 14, 2015, 8:31 am - nina09 - Lottery Discussion Forum

If you won either the MM/PB JP: How soon would you claim your prize?Reply
Claiming using a blind trust is reason enough to justify needing a lawyer because with a blind trust you won't know how much money you have and where and how it's invested. Blind trusts are usually used by Legistlators so they won't be accused of creating legislation to benefit their financial holdings. The only benefit of claiming anonymous is your name won't be published, but the name and location of the store selling the ticket will be published. The people at the lottery will know your bu
May 28, 2013, 1:24 pm - Stack47 - Lottery Discussion Forum

Who signs the back of the Mega ticket if you win and want to be anonymous?
I can't help but dream about winning the largest Mega ever, but yet I keep thinking it would be great, but I would want to remain anonymous! I have been searching the internet today and find that claiming the prize via blind trust would give you privacy, but who signs the ticket? I have read many articles that say to sign your ticket to verify ownership, but by doing so, are you now not able to collect the jackpot using a blind trust? I would appreciate anyone's thoughts on this!
Mar 29, 2012, 8:37 pm - uncledougy - Lottery Discussion Forum

If you claim Big Win Anonymously Do you sign ticket or not...Reply
Thanks DC81, Grandpa and Marlon39....I appreciate the response! I did however, found the answer I was looking for.... Make copies of original (front and back) Secure the original it in a safe place Hire a lawyer Form a blind trust Inform lottery official that you are claiming anonymously Claim winnings under the blind trust name In the state I live in they will let you claim prize anonymously.
Apr 16, 2009, 12:56 pm - Perfecttiming2 - Lottery Discussion Forum

NC Lottery question
Should you be lucky enough to win the Powerball in NC, can you claim it with a blind trust or do you have to be identified? I looked at their rules but that left me even more confused. They say they consider your name, address, county, etc to be public record unless the winner produces a valid protective order or Address Confidentiality Program authorization card. What the heck does this mean. I don't mean to be stupid, but it still didn't tell me if I can remain unidentified w/a Blind Trust.
Nov 11, 2007, 9:03 am - anniep2 - Lottery Discussion Forum

Why the sudden concern with anonymity ?Reply
BLIND TRUST POWERBALL: LA, NH, OK, PA I don't know if Pennsylvania allows anonymity through a blind trust. It's obvious that the other states allow anonymity, because of the numerous anonymous claimants from those states in the past.
Apr 3, 2007, 12:25 pm - rundown99 - Lottery Discussion Forum

Contacting Professionals After You Hit A Multi-Million Dollar Prize!Reply
One of the things that frustrates me is the so-called experts that make statements about claiming the money in a blind trust. Yes, it said, in a perfect world; but we live in the real world. Claiming in a blind trust or any other type of tool that allows you to stay unknown is not an option in most places. While not an expert on the situation, I am aware of only 10 states (KS, MD, ND, DE, SC, LA, NH, OH, OK, PA) that allow a winner to claim as anonymous or in a trust. It is a virtual c
Jan 22, 2007, 11:32 am - CA LotteryGuy - Lottery Discussion Forum

Contacting Professionals After You Hit A Multi-Million Dollar Prize!Reply
I voted for lawyer, as I would want to put my winnings in a blind trust. Why, a blind trust you say? So I could stay anonymous. BTW I live in Texas where there is no state tax, however I cross the border into La. to buy Powerball. If I where to win, would I have to pay La. state tax?
Jan 11, 2007, 1:50 pm - pigsNtrees - Lottery Discussion Forum

A BLIND TRUST to claim anonymously?Reply
I know a little bit about Blind Trusts from reading a book called The Wall Street Journal's Guide To Personal Finance . It's the same data as stated by Uncle Jim so I won't repeat it again. Now, one can form a Blind Trust and then later on transfer the money from a Blind Trust to your name, another trust, etc... Whatever you want to do. I checked with my state (Illinois) and the winning ticket holder has to take part in a public press conference. I think in only one state (Deleware
Apr 20, 2006, 12:46 am - npatel - Lottery Discussion Forum

David Lee Edwards Interview tapeReply
David's impulses was always there. The money made him realize his dreams 10 fold. The only way to have stopped David from himself is to put half of the $16 Million that his adviser invested in a blind trust (that he didn't know existed) for 20 years. Let him believe that half of his money was lost in the stock market.
May 14, 2022, 12:58 am - darthfury78 - Lottery Discussion Forum