Sure, but what I meant to ask is, how do you go about the specifics? For instance, what type of trust is preferable? (there are several types, as you likely know...), do you just hand you winning ticket to the lawyer (or trustee)? you know, we are talking about entrusting a person you just met with a document worth several million dollars... Exactly this sort of practical questions...
It would be very interesting to hear from those who have invested some time researching this matter and prepared in advance for the possibility of winning (as they say, "fate favors the prepared mind"), the practical steps they would take, how they would go about it...
I.E. "first I would make photocopies of the signed ticket" (but do you sign it OR is the trustee supposed to sign it? do you see what I mean?), "look for a lawyer" (or the trustee services of a reputable trust firm?)... do you just hand the winning ticket out to your trust officer or have him sign a notarized statement that he was entrusted it by you... How do you go about the liability involved in case he later claims to have lost the ticket? Again, we are talking about large sums of money here... and the only proof you have linking you to it is that little piece of printed paper...
And so forth, and so on...
You know, often the winner of a large jackpot is your average Jane/Joe... not someone technically prepared to handle this type of situation from a legal standpoint. Many of us fantasize about winning big some day... but how many of us are prepared to handle such an event, should it happen? There are plenty of stories in the news about people winning a large jackpot only to immediately find themselves going through enormous amounts of stress and psychological pain and confusion just because the event caught them unprepared and they do not know whom to trust, how to go about it... Suddenly, one becomes paranoid... suspicious even of his closest ones... and with good reason, IMO.
Again, it would be nice if we were to visualize it was finally us hitting a large jackpot... OK, we are now holding the ticket in our hands, worth tens of million dollars... possibly even hundreds... We do not know whom to trust, where to turn, and we wish we had given it some thought before and prepared for it in advance... What do we do now, how do we go about it, specifically?
This is the specific type of question I am asking here... and, in my opinion, this is the most precious form of advice a forum such as this one can potentially provide its members... After all, isn't this what we are all dreaming about, hitting the big one some day?