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

Topic closed. 18 replies. Last post 8 years ago by Perfecttiming2.

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Perfecttiming2's avatar - redcross

United States
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October 11, 2008
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Posted: April 16, 2009, 12:49 am - IP Logged

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 afterwards.

It is confusing to me because I can't see having a ticket that's a jackpot winner and leaving it unsign UNTIL you form your entity....

For example,

If you want a financial institution (who will handle forming your entity) to also handle the press as well, and you already signed the ticket, does that mean that you can't have, let's say....your LLC claim the winnings because the LLC  was not formed at the time you won???........I hope I am making sense.....

And,

If you do form an LLC to claim the prize once you realize you've won, does the ticket remain unsigned until your LLC papers are filed and you sign it using your LLC (or trust, or partnership) name???

You always here stories of people taking their time to claim the prize because they formed a trust (or whatever) ......but I have yet to find any information on the step-by-step process.

Does anyone know how this works?

    grandpajohn's avatar - Lottery-050.jpg
    williamsburg,ohio
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    Posted: April 16, 2009, 1:40 am - IP Logged

    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.

    "Don't Give Up.Don't Ever Give Up"

    Jim Valvano ex N.C.State basketball coach Thumbs Up

      marlon39's avatar - avatar 3245.jpg

      Philippines
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      February 20, 2009
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      Posted: April 16, 2009, 2:24 am - IP Logged

      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.

      I Agree!

      "I firmly believe that any man's finest hour, the greatest fulfillment of all that he holds dear, is the moment when he has worked his heart out in a good cause and lies exhausted on the field of battle-victorious."
      - Vince Lombardi

        DC81's avatar - batman39
        MI
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        Posted: April 16, 2009, 2:54 am - IP Logged

        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 good for proof while keeping the original hidden away or if it is stolen though how anyone would be foolish enough to let a jackpot winning ticket out of their sight for even a second is beyond me. Well unless you're mugged, which would make one wonder how they found out in the first place. Not to mention security cameras that the store you bought it in will probably have showing you buying it at the same time your state's lottery commission shows the winning ticket was printed, then again perhaps the mugger worked for the store, heh. Anyone who steals a winning lottery ticket from someone who knowingly won is in this day and age is setting themselves up for some likely jail time and if it's a big one, a nice long prison sentence because they probably won't get away with it.

        You can't predict random.

          grandpajohn's avatar - Lottery-050.jpg
          williamsburg,ohio
          United States
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          Posted: April 16, 2009, 5:03 am - IP Logged

          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 good for proof while keeping the original hidden away or if it is stolen though how anyone would be foolish enough to let a jackpot winning ticket out of their sight for even a second is beyond me. Well unless you're mugged, which would make one wonder how they found out in the first place. Not to mention security cameras that the store you bought it in will probably have showing you buying it at the same time your state's lottery commission shows the winning ticket was printed, then again perhaps the mugger worked for the store, heh. Anyone who steals a winning lottery ticket from someone who knowingly won is in this day and age is setting themselves up for some likely jail time and if it's a big one, a nice long prison sentence because they probably won't get away with it.

          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 store where I get my tickets don't have them,and even if they did you would be on there buying your tickets but won't show what the numbers are.

          "Don't Give Up.Don't Ever Give Up"

          Jim Valvano ex N.C.State basketball coach Thumbs Up

            Perfecttiming2's avatar - redcross

            United States
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            Posted: April 16, 2009, 12:56 pm - IP Logged

            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 good for proof while keeping the original hidden away or if it is stolen though how anyone would be foolish enough to let a jackpot winning ticket out of their sight for even a second is beyond me. Well unless you're mugged, which would make one wonder how they found out in the first place. Not to mention security cameras that the store you bought it in will probably have showing you buying it at the same time your state's lottery commission shows the winning ticket was printed, then again perhaps the mugger worked for the store, heh. Anyone who steals a winning lottery ticket from someone who knowingly won is in this day and age is setting themselves up for some likely jail time and if it's a big one, a nice long prison sentence because they probably won't get away with it.

            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.

              LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
              Tx
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              Posted: April 16, 2009, 10:52 pm - IP Logged

              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.

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

              BibleOnline  ParishesOnline  ChristianRadioOnline   MassOnline   Mass

              "Ten measures of beauty descended to the world, nine were taken by Jerusalem."

                Perfecttiming2's avatar - redcross

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                Posted: April 17, 2009, 1:13 am - IP Logged

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

                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!!!!!

                  LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
                  Tx
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                  Posted: April 17, 2009, 8:31 pm - IP Logged

                  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!!!!!

                  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!

                  BibleOnline  ParishesOnline  ChristianRadioOnline   MassOnline   Mass

                  "Ten measures of beauty descended to the world, nine were taken by Jerusalem."

                    dk1421's avatar - Lottery-024.jpg
                    North Carolina
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                    Posted: April 17, 2009, 9:53 pm - IP Logged

                    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?

                      Perfecttiming2's avatar - redcross

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                      Posted: April 19, 2009, 2:08 am - IP Logged

                      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!

                      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"

                        Perfecttiming2's avatar - redcross

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                        Posted: April 19, 2009, 2:14 am - IP Logged

                        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?

                        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.

                          Avatar
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                          Posted: April 19, 2009, 11:00 am - IP Logged

                          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.

                            Perfecttiming2's avatar - redcross

                            United States
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                            Posted: April 19, 2009, 11:25 am - IP Logged

                            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.

                            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....

                            And

                            Since you are such a sensible person, it would be nice if you could do the same.

                              Texas Joey's avatar - Lottery-009.jpg
                              Katy, Tx
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                              Posted: April 20, 2009, 2:14 am - IP Logged

                              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.

                              JoeyMail For You