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would it be wise

Topic closed. 1 reply. Last post 9 years ago by tntea.

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GamerMom's avatar - tails

United States
Member #60535
April 21, 2008
460 Posts
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Posted: June 1, 2008, 5:07 pm - IP Logged

to set up a trust fund account for my children and have my lottery winnings deposited into that account versus my own checking/savings account?  Does that help protect you from some taxes?

    tntea's avatar - Lottery-059.jpg

    United States
    Member #5344
    June 30, 2004
    23641 Posts
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    Posted: June 1, 2008, 5:59 pm - IP Logged

    to set up a trust fund account for my children and have my lottery winnings deposited into that account versus my own checking/savings account?  Does that help protect you from some taxes?

    taxes will be paid regardless.  either by you or your childrenFrown

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