If you claim Big Win Anonymously Do you sign ticket or not...

Reply #18

Perfecttiming2 — Mon, 27 Apr 2009 22:52:58 GMT

Hey KY Floyd!

Thanks for clearing that.....I appreciate it.....

Have great day

Reply #17

KY Floyd — Mon, 27 Apr 2009 05:56:57 GMT

I didn't imply anything. You said you'd seen conflicting advice, at least some of which came from the internet, and that you guessed it depends on what advice you are willing to go with.

I offered my internet advice, and then simply pointed out that there's a better option than choosing between differing advice found on the internet.

Reply #16

Perfecttiming2 — Thu, 23 Apr 2009 03:54:02 GMT

Hi Stack47!

Excellent point about the surveillance tapes.....

Reply #15

Stack47 — Wed, 22 Apr 2009 15:53:51 GMT

Even in the states that do allow winners to remain anonymous, they still publish name of the store where the ticket was sold and the location. And the name of the winner becomes public record after the ticket is validated so even there it's not fully anonymous. While everything you've suggested it sound advice, I wouldn't wait too long to validate the ticket because after a few weeks the store owner might believe the player didn't know they had the winning ticket and might start checking surveil... [ More ]

Reply #14

Texas Joey — Mon, 20 Apr 2009 06:14:21 GMT

Sign any ticket you have thats a winner!! A lot of places that sell these tickets are claiming that they are not winners and then cashing them in if they are not signed!!!

They know who you are anyways when you go get your check! So it makes no difference in that matter.

Lol playing the lottery.

Joey

Reply #13

Perfecttiming2 — Sun, 19 Apr 2009 15:25:21 GMT

KY Floyd

You are implying that I lack common sense and I do not appreciate you insulting me.

I am very well aware that an attorney would be appropriate WHEN I NEED ONE!

My question was to simply engage in conversation....my use of the internet provided the answer I was looking for to the question used for this post....

As a sensible person, I am aware that if a person wins the lottery, you go to an attorney...not the internet

I have never, ever been rude to anyone on this site....... [ More ]

Reply #12

KY Floyd — Sun, 19 Apr 2009 15:00:13 GMT

Forming an LLC to collect lottery winnings won't protect the money, because the income from an LLC passes through to the partners, becoming their personal property. All the LLC does is protect the partners against liability caused by the actions of the LLC. If a winner wants to start a business with the winnings, forming an LLC to conduct the business would be an option.

That said, the advice a sensible person would go with will be from an attorney, not the internet.

Reply #11

Perfecttiming2 — Sun, 19 Apr 2009 06:14:51 GMT

Hi dk1421!

You know I thought an LLC would be the best way to go as well.....

From what I understand, it is forming an LLC that will protect your assests from individuals or entities who would seek to obtain them (assests) through lawsuits.

I found on the internet where it mentioned that a Blind Trust should be formed if you want to claim lotto winnings.........but I am thinking that an LLC is just as good..........

I guess it really depends on what advice you are willing to go with.... [ More ]

Reply #10

Perfecttiming2 — Sun, 19 Apr 2009 06:08:50 GMT

Hi Lantern!

It's the two quotes below that I was referring to.

(The one on Jerusalem is the one I heard on the radio the other morning....)

The fear of the Lord is the beginning of wisdom and the knowledge of the Holy One is understanding

Ten measures of beauty descended on the world, nine were taken by Jerusalem

Reply #9

dk1421 — Sat, 18 Apr 2009 01:53:53 GMT

Hey Perfecttiming2!

Thanks for that question because I've been wondering too! And it seems you came to the same conclusion I have: don't sign it, copy it, hide it, form LLC or Blind Trust.

I did hear that if you do sign it with your real name, they are legally bound to release that information. So even if you made a Blind Trust, if you sign it with your real name, then everyone will know who is getting the money.

I'm just curious...why would you do a Blind Trust over a LLC... [ More ]

Reply #8

LANTERN — Sat, 18 Apr 2009 00:31:10 GMT

Perfecttiming2

Do you mean my posts' signature?

The last or second part I got from LottoJet a LP member who posted for a very short time long ago.

Good Luck

Reply #7

Perfecttiming2 — Fri, 17 Apr 2009 05:13:33 GMT

Hi Lantern!

Based on what I found.....yes.

(I know, still makes me uncomfortable....)

From what I understand, the blind trust collects the winnings and you tell the representative of the institution (that formed the trust for you) what you want done with the money.

I am asking on this because I'd really, really like to know how it all works.

PS: I heard your ending quote today on the radio this morning.....Love it

Reply #6

LANTERN — Fri, 17 Apr 2009 02:52:52 GMT

Going then by that, I guess that you leave it unsigned until after you form the blind trust (?).

Reply #5

Perfecttiming2 — Thu, 16 Apr 2009 16:56:31 GMT

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.

Reply #4

grandpajohn — Thu, 16 Apr 2009 09:03:15 GMT

As I'm walking into the store where I buy my tickets, I pick up a ticket off the ground I put it in my pocket (not looking at it at that time )I get home for the heck on it I look up the nubers on the ticket to see if its a winner I find out that the ticket is worth 85 million.Now am I going to go back to the store and say Hey I found this ticket on the ground and it worth 85 million,whose is it ?? No I am not.Its mind now unless it was sign buy the person who won it.

As for cameras go the s... [ More ]

Reply #3

DC81 — Thu, 16 Apr 2009 06:54:31 GMT

IIRC, if you want a Trust that you've set up to at least try to keep your name out of the press release and the media the ticket needs to have the name of the Trust on the back to claim it.

I disagree, it can be easy to prove who owns a ticket if you either lose it and someone else claims it or if it's stolen from you, it's not too hard to make a photo copy (or several, maybe take a video/photo as well) while placing the original in a safe and secure location, not good for claiming but goo... [ More ]

Reply #2

marlon39 — Thu, 16 Apr 2009 06:24:26 GMT

Reply #1

grandpajohn — Thu, 16 Apr 2009 05:40:07 GMT

As soon as you know your a winner sign that ticket it will prove your the owner of that ticket.If you don't sign it and lets say someone finds it, you think they will give you the ticket back?? Can you prove its yours? No you can't. So sign it.

If you claim Big Win Anonymously Do you sign ticket or not...

Perfecttiming2 — Thu, 16 Apr 2009 04:49:52 GMT

Many on this site believe it is best to claim a jackpot prize anonymously....and (if your state allows it )

I totall agree....However....

HOW do you sign the ticket?

If you are splitting with one other person and you both agree on how to claim it:

Do you leave the ticket unsigned until you form your entity (LLC, Partnership, Trust etc) AND then sign it with the name of the form entity?

OR

Do you sign it regardless of how you claim it? .........And deal with the legalities af... [ More ]