for love of god, don't listin to these people like
NASHVILLE, TENN
United States
Member #33768
February 20, 2006
931 Posts
Offline
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, or u be paying double taxes, first for claiming,and taxed again for giving away money
just create a trust
have trust CLAIM all tickets
the trust pays the taxes.....................
and trust can be set up to give any amount to whoever u want
as u be creating it,and setting up just like a contract, who gets what, money and where it goes all up 2 u
trust option will forever be best option on how to share money, it takes care of IRS for u,and allows everyone to be sent"gifted" the money tax free, as TRUST handles taxes, THE trust beneficiaries can be unnumbered, add however many u want,and give each member, whatever amount u want
u can have also do LLC /corp etc
however trusts only make sense when TOP amount large. aka all be getting 400k or more
and hance will pay top 39.6% rate
if your going to be sharing to many diff people, u can make like unlimited number of trusts
and just give each winning ticket to a trust, aka so all small amounts are given to 2
i cant stress how useful trust's are to giving lottery ticket winning to anyone u want.............. people don't understand this tool, it comes up ever other week here. people just keep asking, HOW to share ............ its not like there TON of useful tools that been around for decades weathy have been using
nope......................................WRONG there is, whenever u have issue with taxes, and how to share, etc, look at what weathy/rich do to share
issue fixed,
also there more options then trusts
corporation, organization, partnership LLC, etc
trust is simple option, TONS of lawyers who handle this stuff
if u ever win big, or plan 2, look them up using google, Trust lawyer/estate lawyer, corporation lawyer
must laywers have websites now a days,and have a number u can call them, if must asap
i just call there main office and see who free during normal hours to talk 2 thro
but am just saying, if won big, finding one and getting this stuff worked out is fine
they handle the details,am only trying to tell u, there many diff paths to take,and lawyers will help u do it.
if u listin to morons who Tell u other wise its not possible , u MUST pay irs twice, once for claiming money,then giving it away"gift tax" u would of been robbed blind
i know tons of laywers who would Disagree with these folks, go to lawyers , don't trust our words only for anything,