Welcome Guest
Log In | Register )
You last visited December 5, 2016, 9:28 am
All times shown are
Eastern Time (GMT-5:00)

Forming a Trust... any links to info?

Topic closed. 35 replies. Last post 13 years ago by WILLSELL.

Page 2 of 3
PrintE-mailLink
midwstrngirl's avatar - hair

United States
Member #1529
May 18, 2003
74 Posts
Offline
Posted: July 14, 2003, 6:50 pm - IP Logged

thanks todd!  i like to t

"It is an old maxim of mine, that when you have eliminated the impossible, whatever remains, however improbable, must be the truth. "

"I presume nothing. I imagine nothing. Data! Data! Data! I can't make bricks without clay. "

Sherlock Holmes, The Sign of Four

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23260 Posts
    Online
    Posted: July 14, 2003, 7:14 pm - IP Logged

    Nicely stated.

     

    Check the State Lottery Report Card
    What grade did your lottery earn?

     

    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      visiondude's avatar - eye3logo
      light on my feet
      United States
      Member #356
      May 20, 2002
      2744 Posts
      Offline
      Posted: July 14, 2003, 7:22 pm - IP Logged

      todd,



      she is only responding to you because you are the grandmaster/webmaster and you have a corvette.



      don't worry though, i have your back (lol)

      VDQPLS

                  "i am .........."meant to"       

      P.S.,  that RJoH  is a stand up guy.  thanks,  vision

               until further notice,  it's  france everyday

        rundown99's avatar - cigar

        United States
        Member #567
        August 14, 2002
        482 Posts
        Offline
        Posted: July 15, 2003, 12:46 pm - IP Logged
        Quote: O

        Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

        If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

          midwstrngirl's avatar - hair

          United States
          Member #1529
          May 18, 2003
          74 Posts
          Offline
          Posted: July 15, 2003, 8:35 pm - IP Logged

          hey, i think i resent that...

           

          "It is an old maxim of mine, that when you have eliminated the impossible, whatever remains, however improbable, must be the truth. "

          "I presume nothing. I imagine nothing. Data! Data! Data! I can't make bricks without clay. "

          Sherlock Holmes, The Sign of Four

            Todd's avatar - Cylon 2.gif
            Chief Bottle Washer
            New Jersey
            United States
            Member #1
            May 31, 2000
            23260 Posts
            Online
            Posted: July 15, 2003, 8:38 pm - IP Logged

            Don't be mad - that's just our sophomoric side showing.  Your posts made a lot of sense.

             

            Check the State Lottery Report Card
            What grade did your lottery earn?

             

            Sign the Petition for True Lottery Drawings
            Help eliminate computerized drawings!

              visiondude's avatar - eye3logo
              light on my feet
              United States
              Member #356
              May 20, 2002
              2744 Posts
              Offline
              Posted: July 15, 2003, 8:47 pm - IP Logged

              midwstrngirl,



              this

                          "i am .........."meant to"       

              P.S.,  that RJoH  is a stand up guy.  thanks,  vision

                       until further notice,  it's  france everyday

                rundown99's avatar - cigar

                United States
                Member #567
                August 14, 2002
                482 Posts
                Offline
                Posted: July 16, 2003, 8:42 am - IP Logged

                Hey, wait a minute!!! For C

                Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

                If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

                  hypersoniq's avatar - 8ball
                  Pennsylvania
                  United States
                  Member #1340
                  April 6, 2003
                  2450 Posts
                  Offline
                  Posted: July 16, 2003, 9:17 am - IP Logged
                  Quote: O

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

                    visiondude's avatar - eye3logo
                    light on my feet
                    United States
                    Member #356
                    May 20, 2002
                    2744 Posts
                    Offline
                    Posted: July 16, 2003, 4:56 pm - IP Logged
                    Quote: Originally posted by hypersoniq on July 16, 2003

                    As far as being all 3 entities, true it may not be necessary to also make yourself the beneficiary, but it is common practice in a living trust to be both grantor and trustee. Remember, the ultimate goal is anonymity, so given that the trust has no extra tax penalties and serves the end goal, IMO it appears to be the best way to go.








                    true. anonymity and mutiple "firewalls". that is why i talked about multiple trusts and even changing the names of them from time to time. i have read so many horror stories about lottery winners and the amount of people attempting to get their hands on that money. i guaranteee you that by the time it is said and done, my MONEY will "disappear" like bin laden. even my business savvy - crooked brother won't be able to find it/get to it.

                    with todays information age, you can NEVER create enough of a buffer zone between your "lump" and greedy peoples hands.



                    people can slip and fall on my slick new icy driveway all they want. they ain't gettin my $$$$$$$$$$$$$$$$$$$$.



                    waaaaaaaaaaaaaahhhhhhhhhhhhhoooooo (cough - cough)



                    VDQPLS

                                "i am .........."meant to"       

                    P.S.,  that RJoH  is a stand up guy.  thanks,  vision

                             until further notice,  it's  france everyday

                      midwstrngirl's avatar - hair

                      United States
                      Member #1529
                      May 18, 2003
                      74 Posts
                      Offline
                      Posted: July 16, 2003, 9:27 pm - IP Logged

                      that is why i like offshore asset protection in places that have bank privacy...check out this website

                      http://www.swissgnomes.com/

                      i hear you visiondude...you don't even need to be rich to use these strategies, its sad that you have to protect yourself from attack and look at everyone as a potential litigant, but it pays to be prepared

                      "It is an old maxim of mine, that when you have eliminated the impossible, whatever remains, however improbable, must be the truth. "

                      "I presume nothing. I imagine nothing. Data! Data! Data! I can't make bricks without clay. "

                      Sherlock Holmes, The Sign of Four

                        midwstrngirl's avatar - hair

                        United States
                        Member #1529
                        May 18, 2003
                        74 Posts
                        Offline
                        Posted: July 16, 2003, 9:29 pm - IP Logged

                        oh and p.s. 

                        i wasn't "mad" i am just jokin with you guys...but i do appreciate you all the assurances

                        "It is an old maxim of mine, that when you have eliminated the impossible, whatever remains, however improbable, must be the truth. "

                        "I presume nothing. I imagine nothing. Data! Data! Data! I can't make bricks without clay. "

                        Sherlock Holmes, The Sign of Four

                          visiondude's avatar - eye3logo
                          light on my feet
                          United States
                          Member #356
                          May 20, 2002
                          2744 Posts
                          Offline
                          Posted: July 16, 2003, 10:01 pm - IP Logged

                          it's all starting to add up.



                          i hit it big and move to switzerland where me and shania twain are neighbors.   yea, thats the ticket. (or maybe i will visit her when i visit my $$$$$$$$$$$$$$$$$$$)



                          yeeeeeeeeeeeeeeeeeehhhhhhhhhaaaaaaaaaaaaaaaaaaw



                                            AND



                          waaaaaaaaaaaaaaahhhhhhhhhhhhhhhoooooooooooooooo



                          VDQPLS

                                      "i am .........."meant to"       

                          P.S.,  that RJoH  is a stand up guy.  thanks,  vision

                                   until further notice,  it's  france everyday

                            rundown99's avatar - cigar

                            United States
                            Member #567
                            August 14, 2002
                            482 Posts
                            Offline
                            Posted: July 17, 2003, 8:01 am - IP Logged

                            If you ever win it, you would have to take a leave of absence so you could set up that trust.  I think TC said a while back that it takes like 3 weeks to set one up.

                            Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

                            If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

                              hypersoniq's avatar - 8ball
                              Pennsylvania
                              United States
                              Member #1340
                              April 6, 2003
                              2450 Posts
                              Offline
                              Posted: July 17, 2003, 8:26 am - IP Logged

                              It has been done before... seems like the best way to remain anonymous...


                              District of Columbia



                              The winner of the December 11, 1999 Powerball drawing has formed a trust to claim the prize. Although the lottery has checked out the winner as required by law and rules, the $24,463,084.04 lump sum prize is being claimed by a trustee. The Lottery confirmed that the winner is from Maryland, is at least 18 years old, and is not a DC lottery employee. Trustee H. Dean Bouland says his client has not quit his or her job and does not want any publicity. The winning quick pick ticket was purchased at S & S Liquors in Washington, DC.

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