Quote:
Originally Posted by Topspinmo
There's ways around that you get lawyer and trust, let the lawyer plaster his face on national news and only the trust has to be released. What you don't do is win on Saturday night and cash in the next day. If you do you will lose your A%% right off the bat. Just cause the state and Feds take large sum for taxes don't mean you will not owe more at the end of the year. I bet she will be dead or broke in 5 years?
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This is from Heavy.com: "In Massachusetts, you can keep your identity a secret if you win by forming a lottery trust. The trustee will hold the legal title of the lottery property, while the beneficiary (the winner) holds the equitable title. Typically, the winner assigns a professional attorney as the trustee and picks someone unaffiliated with them in order to help keep their identity a secret."
That probably would have been a good idea in Mavis Wanczyk's case. Supposedly almost all winners take the lump sum payout versus taking the payout over 30 years.
I do buy Powerball and Megamillions tickets when the jackpot goes over the $200 million mark.