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Lottery win opens doors for N.Y. doorman

Topic closed. 24 replies. Last post 8 years ago by hearsetrax.

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Bondi Junction
Australia
Member #57242
December 24, 2007
1102 Posts
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Posted: June 19, 2008, 12:37 am - IP Logged

He should have claimed his prize via a blind trust, and kept his mouth shut!

 

How to Claim Lottery Winnings

Step1

Stay silent for a few days. After the lottery drawing, keep your winning ticket a secret from even your closest loved ones. Before you claim your lottery winnings, act as if nothing had happened so nobody learns your secret.
 
Step2

Think about what you want to do with the money once you receive it. You can daydream about the things you want to buy or think about its practical uses.

 

Step3

Decide if you want to take the lump sum or the monthly payments. Know that the lump sum amount is approximately half of the jackpot amount, meaning that if you won $100 million dollars, you would only receive a lump sum of about $50 million before taxes.

 

Step4

Consult with an attorney. Many attorneys specialize in helping people that have come into large sums of money in a short period of time. They help lottery winners, heirs to huge estates and others.

 

Step5

Create a blind trust. The attorney that you speak with will likely have experience with doing this and they will help you each step of the way. With a blind trust, you can claim your lottery winnings without your name being broadcast to the public.

 

Step6

Know your particular state’s laws and regulations. In some states, a lottery winner must inform the state government about their new winnings for tax and child support purposes.

 

Step7

Visit your state’s lottery facility to claim your prize. Be sure to inform the lottery officials that you wish to claim your winnings in the form of a blind trust to ensure your anonymity.  

    ThatScaryChick's avatar - x1MqPuM
    Idaho
    United States
    Member #56506
    November 21, 2007
    6537 Posts
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    Posted: June 19, 2008, 1:25 am - IP Logged

    He should have claimed his prize via a blind trust, and kept his mouth shut!

    Not every state allows people to claim lottery winnings using a trust.

    "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

      Bondi Junction
      Australia
      Member #57242
      December 24, 2007
      1102 Posts
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      Posted: June 19, 2008, 4:23 am - IP Logged

      He should have claimed his prize via a blind trust, and kept his mouth shut!

      Not every state allows people to claim lottery winnings using a trust.

      Maybe not, but if you have a good lawyer who can make a case that anonymity is important for your safety and security, they may see things differently. It is only if winners continue to seek anonymity, that lotteries will come around.

        DC81's avatar - batman39
        MI
        United States
        Member #54830
        August 31, 2007
        985 Posts
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        Posted: June 19, 2008, 4:55 am - IP Logged

        Nah, then they just wouldn't give you the money since your ticket is a contract and when you buy it you're agreeing to the state's terms and that includes how you can or cannot claim the prize. Luckily I think Michigan allows you to claim anonymusly on the state owned lotteries but not Mega Millions but I don't think there's any rules about claiming as a trust to where your name wouldn't be released. People who have won the MM here don't apparently even consider doing that but Ohio winners seem to like it. Seriously, there was the guy who won the 135 Million here and was out the next day, then the 196M Ohio winner who hasn't come forward after over a month so I assume they're doing something to try and protect their identity, that was followed a week later by two winners of the 17M jackpot and they too haven't come forward yet which sort of surprises me seeing seeing as it wasn't big attention grabbing jackpot, plus they split it but maybe they just have people they know whom they want to hide it from. Finally the guy who bought a winning ticket just outside of Grand Rapids here in Michigan last Friday, didn't know he won until Monday, was at the lottery office Tuesday and had his criminal past exposed Wednesday.

        You can't predict random.

          GamerMom's avatar - tails

          United States
          Member #60535
          April 21, 2008
          460 Posts
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          Posted: June 20, 2008, 11:31 am - IP Logged

          Step2

          Think about what you want to do with the money once you receive it. You can daydream about the things you want to buy or think about its practical uses.

           done already LOL

           

          that's a very good list.  Does anybody know if FLorida allows you to use a blind trust?

            justxploring's avatar - villiarna
            Wandering Aimlessly
            United States
            Member #25360
            November 5, 2005
            4461 Posts
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            Posted: June 20, 2008, 12:23 pm - IP Logged

            Step2

            Think about what you want to do with the money once you receive it. You can daydream about the things you want to buy or think about its practical uses.

             done already LOL

             

            that's a very good list.  Does anybody know if FLorida allows you to use a blind trust?

            You can't claim any lottery prize anonymously in Florida.   I know a lot of people here talk about Trusts, but they can cost more than they're worth.  Usually a trust is created to protect your beneficiaries if you die, pay for final expenses, etc.  I suppose a good lawyer could find ways to hide money from creditors should you ever get into trouble or be sued, but usually that's for people who use their wealth for business purposes, not personal fun.  (We're always hearing about civil suits against wealthy people.)   Also "Blind" trusts aren't as secretive as some would like.  Of course, any legal authority can have access to your financials, like the police, FBI or IRS, although hiding assets offshore might be smart if you know exactly how to do it and whom to trust. Still, there's not much you can hide from Big Brother any more. One problem is that, if you try to hide anything, when something goes wrong or somebody steals it, you can't go to the police!  LOL  I wouldn't bother, but I'm probably younger than you.  You could put money away in college funds for your children, buy life insurance, etc.

            Anyway, if the reason you asked is to collect your prize without your neighbors or relatives knowing, the answer is "not in FL."

              justxploring's avatar - villiarna
              Wandering Aimlessly
              United States
              Member #25360
              November 5, 2005
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              Posted: June 20, 2008, 12:35 pm - IP Logged

              myturn writes:  "Maybe not, but if you have a good lawyer who can make a case that anonymity is important for your safety and security, they may see things differently. It is only if winners continue to seek anonymity, that lotteries will come around."

               

              IMHO, this is really silly. I alway wonder why this is such a big issue on the board.  Of course, I'd rather claim my money anonymously, but why would I fight the system? After all, it's a voluntary game and the rules are very clear.  Todd posted a story about a man who was dying and begged the lottery to pay him a lump sum.  But he bought a scratch ticket and rules are rules.  If they began changing them for one person because he had terminal cancer, it would open up a big can of worms.  Then someone 85 who wins can always say "I might not be alive in 20 years."  So the bottom line to me is, if you don't like the food, don't eat at that restaurant.

              Yes, once or twice I've read where, in States that allow anonymity, they've decided not to publish the winner's name.  However, why is that so important that a person would need to (a) hire an attorney who will probably charge a fortune (b) wait months or years for your prize that could be earning interest (c) not just be happy you won and move on.

              A couple of years ago I was joking around and wrote a scenario where a person fighting the lottery in court became the most famous lottery winner who wanted to remain anonymous.  When he finally won, the headlines read "Supreme Court Rules Lottery Winner Can Remain Anonymous"  Then every reporter wanted to investigate the story.  (Maybe it sounded funnier the first time.)  Anyway, my point is that, sure it's possible, but it's not as if you're fighting for the right to vote or to save your child from a disease. People on this board act as if claiming a check from the lottery is the same as the death penalty or abortion rights.  You just won the lottery!     I watched a man on TV win over $1 million on Price is Right and a few people on Jeopardy have won over $1M.  Did they go to court and fight the network?  "You can't show that episode because I might have security problems." They knew there was a chance they could winbefore appearing on the show.  I think the courts would feel this was a waste of time, and I doubt if the case ever got in front of a jury, the 12 tired & hungry people who are missing work to hear the sad story about how you won millions, won't have much sympathy either.  

               

                Uff Da!'s avatar - InCelebration 001.jpg
                Washington State
                United States
                Member #33973
                February 26, 2006
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                Posted: June 20, 2008, 1:18 pm - IP Logged

                This applies to Washington State, not to Florida, but here is the reply I received from our lottery office when I made an inquiry last summer:

                We make several payments entities to other than a natural person.  Any person(s) claiming a prize agrees to abide by all laws, rules, and regulations associated with lottery prize claims.  The winner's name, city, and prize amount are subject to public disclosure laws.  The only option to remain anonymous would be by court order.  I hope this clarifies matters for you.
                I don't know what would be deemed sufficient reason to grant someone the right to remain anonymous, but I'd think it would have to be a more serious need than that of the average Joe or Jane.
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                  brooklyn ny
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                  June 30, 2008
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                  Posted: June 30, 2008, 6:52 pm - IP Logged

                  hey it's a job at least he wasn't living off the goverment  this man is a neighbor of mine i see him  going to and from work every day, I am very happy for him he seems like a very nice person , just hope he does the right thing by his neighbors maybe a nice early xmas gift in each mail box on his block??? im sure he knows what goes around comes around  becareful richie does spend it all in one place lol

                    hearsetrax's avatar - 0118

                    United States
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                    May 21, 2007
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                    Posted: July 1, 2008, 8:44 am - IP Logged

                    hey it's a job at least he wasn't living off the goverment  this man is a neighbor of mine i see him  going to and from work every day, I am very happy for him he seems like a very nice person , just hope he does the right thing by his neighbors maybe a nice early xmas gift in each mail box on his block??? im sure he knows what goes around comes around  becareful richie does spend it all in one place lol

                    Welcome to LP : wishinona$1

                    Roll Eyes if hes smart  Roll Eyes 

                    he'll leave nothing more then a $1 in one's mail box and a include a smallish prayer for thar "rotten" souls Evil Smile LOL