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Record Powerball jackpot won by 1 ticket

Topic closed. 233 replies. Last post 3 years ago by jamella724.

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United States
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August 2, 2012
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Posted: May 20, 2013, 12:54 am - IP Logged

"They should really claim through a trust."

I don't know how claiming through a trust would benefit the Florida winner or winners in terms of protecting their identity.

"Can Lottery winners remain anonymous?

No. Florida Lottery winners cannot remain anonymous. Florida law mandates that the Florida Lottery provide the winner's name, city of residence, game won, date won and amount won to any third party who requests the information; however Florida Lottery winners' home addresses and telephone numbers are confidential."

source:

http://webcache.googleusercontent.com/search?q=cache:JwD43ItfyjsJ:www.flalottery.com/faq.do+&cd=1&hl=en&ct=clnk&gl=us

 

You can still claim "blind trust" or LLC all media would be directed to your lawyer. Again you can get around it.

Also "an excellent team of financial advisers" & tax lawyers are big.

I wonder how many QP's did the winner buy?

    redhot7's avatar - SetforLifeLogo
    California
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    June 17, 2011
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    Posted: May 20, 2013, 1:19 am - IP Logged

    You can still claim "blind trust" or LLC all media would be directed to your lawyer. Again you can get around it.

    Also "an excellent team of financial advisers" & tax lawyers are big.

    I wonder how many QP's did the winner buy?

    Has anyone ACTUALLY managed to claim with a trust in a state that doesn't allow anonymity?
    Is it a guarantee that nobody is going to be able to find out like through Freedom of Information Act?
    How much hassle would you have to go through and how much would it cost?

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      NY
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      October 16, 2005
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      Posted: May 20, 2013, 1:38 am - IP Logged

      You can still claim "blind trust" or LLC all media would be directed to your lawyer. Again you can get around it.

      Also "an excellent team of financial advisers" & tax lawyers are big.

      I wonder how many QP's did the winner buy?

      In most states the rules say that the names of lottery winners must be released. The rules generally don't say that the name of the ticket owner or claimant must be released. The lottery can't be won by a trust that was formed after the drawing created the winner, even if the trust is the legal entity that claims the prize. Some states may be cooperative, but such a rule gives them the legal authority to release the name of the person who won, regardless of how they go about claiming the prize.

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        November 29, 2012
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        Posted: May 20, 2013, 2:07 am - IP Logged

        You can still claim "blind trust" or LLC all media would be directed to your lawyer. Again you can get around it.

        Also "an excellent team of financial advisers" & tax lawyers are big.

        I wonder how many QP's did the winner buy?

        Most states stipulate a particular type of trust or corporation is eligible to claim - in California, the grantor must be the winner and it is tied to a grantor's social security #. They cannot be blind. Some other states will allow S corps, which pass through to a shareholder - that shareholder will be the winners and those name would be announced. The other option is a non-profit, but you would be giving away all your money in that case.

          helpmewin's avatar - dandy
          u$a
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          Posted: May 20, 2013, 2:26 am - IP Logged

          Crazy whelp , that was fun ... congrats to the winner/s

          Green laugh

          Let it Snow Snowman

            Jill34786's avatar - Lottery-006.jpg
            Windermere, FL/Franklin, TN
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            Posted: May 20, 2013, 6:56 am - IP Logged

            No doubt as a financial consultant you are very skilled at over complicating simple things. (and getting paid to do so) In my example I was talking about buying and holding land. NOT developing it.

            The example you gave was of Fountain Hills in Arizona. You stated that the value had gone up 1000 fold. Most of that gain was derived after developing the community thereby incurring a great deal of time and expense. Raw land may indeed go up in value but not as much as a parcel that has had all the infrastructure put in place.

              Jill34786's avatar - Lottery-006.jpg
              Windermere, FL/Franklin, TN
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              Posted: May 20, 2013, 7:04 am - IP Logged

              In most states the rules say that the names of lottery winners must be released. The rules generally don't say that the name of the ticket owner or claimant must be released. The lottery can't be won by a trust that was formed after the drawing created the winner, even if the trust is the legal entity that claims the prize. Some states may be cooperative, but such a rule gives them the legal authority to release the name of the person who won, regardless of how they go about claiming the prize.

              I wasn't aware that a trust couldn't be formed after a prize was won. There have been many winners that have claimed their prize under a trust so perhaps some states are willing to bend the rules?

                STORM's avatar - Rean
                Ga Fl Sc Nc All States 819* 290 160** 1958 Ryde!
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                Posted: May 20, 2013, 8:42 am - IP Logged

                BIG CONGRATS TO THE LUCKY TICKET HOLDER!

                Cheers

                I second that, Cheers

                I'm Expecting God to Do BIG Things.. 

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                  Inland Empire
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                  Posted: May 20, 2013, 11:01 am - IP Logged

                   Should I be worried? I read from SomethingAwful forum that the town the PB was one is practically straight outta Deliverance.


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                    Posted: May 20, 2013, 11:11 am - IP Logged

                    I wasn't aware that a trust couldn't be formed after a prize was won. There have been many winners that have claimed their prize under a trust so perhaps some states are willing to bend the rules?

                    Perhaps you could PM KY and purchase some consulting services? Green laugh


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                      Posted: May 20, 2013, 11:12 am - IP Logged

                      I second that, Cheers

                             I Agree!    Cheers


                        United States
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                        Posted: May 20, 2013, 11:16 am - IP Logged

                        The example you gave was of Fountain Hills in Arizona. You stated that the value had gone up 1000 fold. Most of that gain was derived after developing the community thereby incurring a great deal of time and expense. Raw land may indeed go up in value but not as much as a parcel that has had all the infrastructure put in place.

                        Right, but a person does not need to be a developer to own some of the adjoining land. A person does however need a little foresight and intestinal fortitude to buy land AHEAD of developers and development.


                          United States
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                          Posted: May 20, 2013, 11:46 am - IP Logged

                          The example you gave was of Fountain Hills in Arizona. You stated that the value had gone up 1000 fold. Most of that gain was derived after developing the community thereby incurring a great deal of time and expense. Raw land may indeed go up in value but not as much as a parcel that has had all the infrastructure put in place.

                          I was here in AZ 30 years ago when people were LAUGHED AT for even considering a land purchase in the dessert. (now Fountain Hills) Sure "the fountain" put the developers over but anyone could have forseen that Scottsdale would eventually break out in that direction and bought land out there "dirt cheap".

                            LottoPools's avatar - bee
                            Houston, TX
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                            Posted: May 20, 2013, 12:01 pm - IP Logged

                            Didn't think it would be a single ticket winner.  I'm just glad it wasn't won in the northeast.

                            ________________________

                            Playing together to make a splash in the pool of lottery winners.  It's just a matter of time.


                              United States
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                              Posted: May 20, 2013, 12:14 pm - IP Logged

                              Im happy for the FL winner. Yes Nod

                                 
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