Search

What You Have To Look Forward To...
It amazes me how often people can have something shoved in thier faces and still not be able to see it.Below are some press releases from the Hoosier Lottery website. I'm sure that many of you will be able to convince yourselves that they're just kidding because, after all, they have too much to lose...For those of you who want the truth, read on. The remainder of you may now bury your heads in the sand, lest this information disturb the natural order in Xanadu...
Aug 26, 2004, 8:43 pm - jim695 - Lottery Discussion Forum

Claiming winnings in a lottery poolReply
Here is something I got in the email concerning lotto pools. Actually, this was from two different lottery officials. Hope this helps....1. Most states only issue a single check. If you split a ticket and win, you should form a partnership, call the IRS for a tax number, before cashing the jackpot winning ticket. The state would then pay the partnership, the partnership would split the money and report that split to the IRS.2. The Lottery only allows one individual to claim a prize unless it's
Jul 23, 2004, 10:29 pm - ThinkBig - Lottery Discussion Forum

Is this legal?Reply
Very simple, my dear watson. You both form a Limited partnership in Florida with an address in Florida(legal). You then open a bank account in the name of the limited partnership(legal). you purchase the tickets using a cashiers check drawn on the limited partnership's bank account(legal). You purchase a rubber stamp with the partnership's name and stamp the back of each ticket. When you win, you both are required to sign to recieve the check.
Feb 11, 2010, 3:28 pm - mrscottia - Lottery Discussion Forum

Claiming as a trust or partnership
Usually when people in Florida win a large Lotto jackpot, the names are listed along with their ages. Even when the jackpot is claimed as a trust they've historically listed the individual names of the people in the trust. So I found today's press release interesting. (in blue below) Of course it doesn't stop a curious reporter from showing up at your doorstep, but without using my full name and age, I would feel more comfortable. I also wonder if the city can be where the trust was created, not
Jan 31, 2008, 4:25 pm - justxploring - Lottery Discussion Forum

You win the mega millions $163 million on tuesday.Reply
Day 1 - (Wednesday, December 19 Call my attorney s office only to find that he will be out of the office until after January 1. Make an appointment for January 2. Take my unsigned ticket to my bank safe deposit box in a neighboring town. (Unsigned because I have gifted a 25% interest in all Mega Millions tickets I purchase to 18 relatives, and the ticket will need to be signed by the legal representative for the partnership, not by me personally.) Think that now that I ll soon be a multi-mi
Dec 18, 2007, 2:03 pm - Uff Da! - Lottery Discussion Forum

So you wake up Thursday morning and realize you are the sole Powerball Winner!!Reply
Yes the gift tax. You can form a partnership to prevent that.
Nov 27, 2012, 5:17 pm - Brcebrce - Lottery Discussion Forum

List of States Which Allow Anonymous WinnersReply
Oklahoma - No (website FAQ) If I should win a large top prize, do I have the option of remaining anonymous as far as the public and media are concerned? In accordance with the Oklahoma Open Records Act and the Oklahoma Education Lottery Act, the name of any individual, corporation, partnership, unincorporated association, limited liability company, or other legal entity, and their city of residence will be made public. It is important for the public to know the lottery is run honestly. Th
Mar 4, 2008, 8:07 pm - chasingadream - Lottery Discussion Forum

Claiming as a trust or partnershipReply
Wouldn't it be bdetter not to use a family name or name at all, something more like Numbers Galore Trust instead of DiLucia Family Partnership? I guess it depends on what your family name is. If it isn't DiLucia, then DiLucia Family Partnership would be an excellent choice.
Feb 1, 2008, 1:30 am - KY Floyd - Lottery Discussion Forum

Older Lotto Players.Reply
That's an admirable thought. You can form a partnership with your parents and legally split it 3 ways.
Feb 17, 2006, 9:00 am - truecritic - Lottery Discussion Forum

Lottery player/winner advice ?Reply
Sorry Cash Only if YOU misunderstood these annuity FROM PRIVATE COMPANIES INVEST ONLY IN US TREASURY BONDS!!!!!! NOT IN THE ACTUAL US TREASURY. And if you win you should not claim your winnings in your name any way. Either a family trust or a family partnership or you can set up a foundation like the $165winner in NJ and every body get a check working for the foundation or the partnership. I wonder if the NJ executive claimed the annuity or took the $92 million lump sum. Give me an answer
Sep 9, 2002, 3:26 pm - Guest - Lottery Discussion Forum