More big Lottery winners using trusts to stay anonymous

Reply #13

PrisonerSix — Wed, 25 Feb 2015 02:50:42 GMT

Something one would definitely need a CPA for. I looked at those forms and couldn't figure them out for this situation, particularly with the taxes the lottery withholds from the prize.

It would be easier if a form 5754 could be used in conjunction with the LLC, but don't know if that is allowed.

Reply #12

noise-gate — Tue, 24 Feb 2015 05:06:16 GMT

I know you messing around with this SS # nonsense- but street address? I would imagine that claiming your jackpot winnings would require that you prove that you over 18, but l seriously doubt you'd be asked to provide a birth certificate, a driver's license would suffice.They use it to card person's wanting to buy cigarettes alcohol...same difference here.

Reply #11

ThatScaryChick — Tue, 24 Feb 2015 04:15:52 GMT

Lotteries/newspapers do not print peoples social security numbers. If they do, please post a link to an article where they do because I would really like to see that.

Reply #10

chopperman8238 — Tue, 24 Feb 2015 04:11:40 GMT

1. Form an LLC. The state Gaming Commission, which operates the New York Lottery, will only issue a maximum of 10 checks to winners. Wills needed to split the prize into 22 pieces. So he and the group hired an attorney to create a limited liability company to accept the winnings from the lottery. The LLC, of which Wills is president, will then distribute the money to the 22 members. The company, formed Dec. 23, is called 12 Checks Short LLC.

2. Set up a bank account. Wills established a bank

Reply #9

Shelby Mustang — Sat, 21 Feb 2015 22:13:41 GMT

didnt someone from your state win the last big jackpot?? Dont belive anybody is talking about them now or can even remember their name without looking it up. People care that real everyday people can win and we deserve to know who has one after a couple weeks no one is even thinking about them. People who come into that kind of money are more at risk from their own friends and family member than the general population anyways

Reply #8

Stack47 — Sat, 21 Feb 2015 21:01:17 GMT

Name and address, probably; age possibly, but they don't publish the SS number. Is there is reason you're giving out incorrect information about your state lottery

Reply #7

jjtheprince — Sat, 21 Feb 2015 20:13:02 GMT

My state is awful, the publish the first, middle, and last name of winners along with street address, date of birth, and social security number.

Great way to leave someone open to identity theft huh

Reply #6

Scratch$ — Sat, 21 Feb 2015 07:40:04 GMT

The entity MANAGING the trust can be found out fairly easily, but it's not nearly so easy to find out the name of the person the trust was established for. It usually takes a court order to identify them.

None of these anonymous lottery winners with trusts had been identified in Texas as of the date of this article:

http://www.chron.com/news/houston-texas/article/Trust-keeps-24-million-jackpot-winner-anonymous-3848371.php

Reply #5

mikeintexas — Sat, 21 Feb 2015 06:37:13 GMT

Reply #4

Coin Toss — Sat, 21 Feb 2015 04:13:50 GMT

myturn,

In most if not all states in the US the information on who makes up a trust can be found with little effort.

Reply #3

SammyJoe10 — Sat, 21 Feb 2015 01:23:33 GMT

Wow! Good for them. Even at $30 bucks a ticket, it's great that they offer prizes as high as $15 million! Even the second tier prize offers 36 winners of $1 million bucks. NC doesn't offer anything comparable to that. Our $20 tickets only offer 4 winners of $4 million and 16 winners of $1 million. That's why I never buy scratch offs here.........

Reply #2

SoleWinner21 — Sat, 21 Feb 2015 01:11:01 GMT

I'm guessing the reason they are smiling is because of the nice cut from the check that they would be getting.

Reply #1

myturn — Sat, 21 Feb 2015 00:38:21 GMT

Good on 'em

More big Lottery winners using trusts to stay anonymous

myturn — Sat, 21 Feb 2015 00:36:48 GMT

When the time came to claim the largest jackpot ever on a Massachusetts scratch ticket, it wasn t the person who bought the ticket who showed up for the $15 million prize.

Instead, the two smiling men holding an oversized check and scratch ticket in the photo taken in July at Lottery headquarters in Braintree are a lawyer and an accountant. The actual winner s name was not disclosed to the public or even to Lottery officials.

That s because the winner, or winners, formed a legal trust to c... [ More ]