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To sign or not to sign...

Topic closed. 12 replies. Last post 9 years ago by psykomo.

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New Member
Honolulu
United States
Member #54717
August 27, 2007
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Posted: August 27, 2007, 3:23 pm - IP Logged

Hi All,

If you held the winning ticket to a multi-million dollar lottery - say $200m+. Would you sign the ticket right away? If you did sign it and decide that having a trust account claim the winnings instead - would your signature cause any issues for the trust account to claim it?

    hypersoniq's avatar - 8ball
    Pennsylvania
    United States
    Member #1340
    April 6, 2003
    2450 Posts
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    Posted: August 27, 2007, 3:46 pm - IP Logged

    An unsigned ticket is anybody's ticket...

    I plan on using a trust (if that day ever comes), but I will sign the ticket with my name. (signing above it with the name of the trust and making sure I am identified as a "trustee"). I won't write the trusts name until AFTER I call the lottery HQ to find out the procedures... but I will sign the ticket with my name immediately!

    I debated using a lawyer to claim, but I never met one that seemed trustworthy...

    Playing more than one ticket per game is betting against yourself.

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      Honolulu
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      Posted: August 27, 2007, 3:51 pm - IP Logged

      I would definitely use a trust too if that day ever comes but was always curious if me signing it will cause an issue with the trust.

      crossing my fingers, toes, hair, arms, etc...for tomorrow's mega millions. lol


        United States
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        June 22, 2005
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        Posted: August 27, 2007, 3:57 pm - IP Logged

        I was told to have the attorney sign it in his name and put the money in his bank account, and then get a loan from the attorney.

          tnlotto1's avatar - logo
          nashville
          United States
          Member #49896
          February 18, 2007
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          Posted: August 27, 2007, 3:58 pm - IP Logged

          i am way too paranoid about losing my ticket not to sign it right away. when i hear about unclaimed jackpots i think the person threw it away by accident or lost the ticket but i try to sign my tickets when i get home or at the store.

            Big Hitter's avatar - tdspin17 e0.gif
            Constitutional Money Is Real Money
            Brick City
            United States
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            March 3, 2003
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            Posted: August 27, 2007, 4:02 pm - IP Logged

            The ticket is a bearer instrument. There is no need to sign it right away. The lottery commision will recognize the bearer of the ticket no matter who presents it. Your signature is a formality that will count little if you lose the ticket then try to file a claim against the person who finds the ticket and claims it. Do your homework concerning the trust, then have your attorney handle things when you win.

            Whatever you fear most has no power - it is your fear that has the power.
            Oprah Winfrey

            Insanity: doing the same thing over and over again and expecting different results.
            (attributed to) Albert Einstein

            I have failed many times, and that's why I am a success.
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            himself in the slight details we are able to perceive with our frail and feeble mind.

            Albert Einstein

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              Honolulu
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              Posted: August 27, 2007, 4:06 pm - IP Logged

              I was told to have the attorney sign it in his name and put the money in his bank account, and then get a loan from the attorney.

              Wow! That's something I haven't thought of. Thanks for the great idea!

                psykomo's avatar - animal shark.jpg

                United States
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                May 30, 2004
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                Posted: August 27, 2007, 4:17 pm - IP Logged

                I was told to have the attorney sign it in his name and put the money in his bank account, and then get a loan from the attorney.

                PSYKO bets my attorney is "BUTTER" (than YO's)

                I was told to pick out a BIG firm that charged $5000 an HR/to start

                !!!!!!!!!!!!!!!!!!!!!!!!!!!! with

                They will know how to sue UUUUUUUUUUUUUU and make it LEGAL!

                LOL^^^^^^^^^^^^^^^^^^^^pacattack05 $$$$$$$$$$$$$$

                PSYKOMO 

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                  Honolulu
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                  Posted: August 27, 2007, 4:18 pm - IP Logged

                  The ticket is a bearer instrument. There is no need to sign it right away. The lottery commision will recognize the bearer of the ticket no matter who presents it. Your signature is a formality that will count little if you lose the ticket then try to file a claim against the person who finds the ticket and claims it. Do your homework concerning the trust, then have your attorney handle things when you win.

                  I believe if you lose your winning ticket without a signature anyone who finds it can claim it. But if you signed it you still have claim to that ticket should anyone try to cash in on it.

                    Uff Da!'s avatar - InCelebration 001.jpg
                    Washington State
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                    February 26, 2006
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                    Posted: August 27, 2007, 5:02 pm - IP Logged

                    I believe if you lose your winning ticket without a signature anyone who finds it can claim it. But if you signed it you still have claim to that ticket should anyone try to cash in on it.

                    I would NOT sign the ticket, as I would want my attorney to claim it for a trust.  And since I have gifted ownership of a portion of the ticket to 18 relatives, it would need to be the trustee's signature, not mine.  Besides, there is no way I would lose that ticket.  As soon as I discovered I won, I'd scan it on my home scanner, then make a beeline for my bank safe deposit box to keep the ticket until I needed it for my appointment with my attorney.

                      lacie's avatar - radar
                      jacksonville, fl.
                      United States
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                      Posted: August 27, 2007, 5:45 pm - IP Logged

                      Someone told me, that they just don't take your word on wheather its your ticket or not, they want to know where you bought the ticket and the time.

                      I don't know if this is true or not.

                      Also, its only on big jackpots.

                        LuckyLilly's avatar - savy chick.png

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                        Posted: August 27, 2007, 5:59 pm - IP Logged

                        Someone told me, that they just don't take your word on wheather its your ticket or not, they want to know where you bought the ticket and the time.

                        I don't know if this is true or not.

                        Also, its only on big jackpots.

                        I hope it's not true, cuz I wouldn't be able to tell them.  I can't even remember which day I bought a ticket let alone the time!  I might be able to tell them where it was purchased if I only got 1 QP for that drawing, but if I got more than one there's no way I'd remember which ticket came from where.

                          psykomo's avatar - animal shark.jpg

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                          Posted: August 27, 2007, 6:18 pm - IP Logged

                          I hope it's not true, cuz I wouldn't be able to tell them.  I can't even remember which day I bought a ticket let alone the time!  I might be able to tell them where it was purchased if I only got 1 QP for that drawing, but if I got more than one there's no way I'd remember which ticket came from where.

                           Don't Worry..LL

                          Thinking of... all D judge can do...........

                          is put us ALL in jail.....void the "icket"

                          or...................all D above

                          aunt that AMERICA>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

                          Hopefully "U" will "B" dee LUCKY (1)

                          ??????????????????????????????????

                          (PSYKOMO make's CENT'$$$$$$$$$$)

                          LOL^^^^^^^^^^^^^^^^^^^^^^^^^^